1004 TERRACE VICTORIA

Rockland neighbourhood of Victoria British Columbia Canada V8S 3V3
$2,400,000

1004 TERRACE VICTORIA

  • Price: $2,400,000
  • MLS Number: 884115
  • Bedrooms: 7
  • Bathrooms: 5
  • Square Footage: 4945 Sq Ft
  • Property Type: Residential, Single Family Detached

Rockland character with development potential! This 1898 home was built atop one of the highest points in Victoria, earning it the moniker “The Eyrie”. Renovated by Samuel Maclure in 1912 and subsequently converted in 1960, it now boasts 7 beds / 5 baths across 4 unique suites- plus a separate wired outbuilding. Residents enjoy an abundance of space and classic details such as coffered ceilings, stained glass windows, & wainscoting. A central located 21,823 sqft lot on one of Rockland’s best streets; walk score of 72 and bike score of 77. Neighbouring a city park, it’s steps to the Fort St corridor connecting to major bus routes. Potential density increases are possible in both the existing structure and by developing the large rear yard. Cap rate easily improved upon gentle stabilization and rental upside provides room to grow your yield. Cherished in a family portfolio for almost 25 years, this property is a unique opportunity for investors, builders, or architectural aficionados.

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Listing Brokerage: Royal LePage Coast Capital - Chatterton

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