621 CONSTANCE AVENUE, Esquimalt, British Columbia V9A6N8

Wow! This legal four-plex in Greater Victoria is already re-zoned for a 17-unit multifamily development, but priced like an older house in East Vancouver. In the meantime, it offers steady rental income while you plan your next move. Each of the four two-bedroom, one-bath suites is self-contained, with its own outside entrance for easy access. Alternatively, you could live in one unit and rent out the other three to help cover carrying costs. It’s a solid holding property for investors or builders with future development in mind. Hold it, collect income, and move forward when the timing is right. The location is exceptional, close to Greater Victoria’s third-largest employer, CFB Esquimalt, and just a few blocks from the new Esquimalt Town Square and Village Project with ample amenities. (id:39198)