4 Bed Single Family Detached in Victoria

$988,000

2857 Shelbourne St
MLS® NO: 1043630

Description

Exceptional opportunity for homeowners, investors, and developers alike! Situated on a generous 65' x 106' lot in a prime central Victoria location, this property offers exciting redevelopment potential. Whether you're looking to explore future multi-unit development, hold as a long-term investment, or move into a home with excellent mortgage helper income, this property offers outstanding flexibility. The well-maintained home features a bright upper level plus a self-contained two-bedroom basement suite currently generating $2,000/month in rental income. It's an ideal setup for first-time buyers seeking additional income, investors looking for strong cash flow, or those planning for future redevelopment. Conveniently located just minutes from downtown Victoria, Hillside Shopping Centre, Camosun College, Cedar Hill Golf Course, parks, schools, transit, and a wide variety of everyday amenities. Properties offering this combination of redevelopment potential, rental income, and a sought-after location are increasingly rare. Don't miss this exceptional opportunity!

General

Property Type:Single Family Detached
Title of Ownership:LOT 2, SECTION 8A, VICTORIA DISTRICT, PLAN 10599
Layout:Main Level Entry with Lower Level(s)
Taxes:$4,628
Tax Year:2026
Finished Sq. Ft.:1,297
Year Built:1929

Display Full Description

Interior Details

Bedroom(s): 4
Bathroom(s): 2
Basement Type: Finished
Basement Description: 1

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle
Heat/Air: Baseboard, Electric

Site Influences

Lot SqFt: 6,890
Acres: 0.16
Lot Shape: 65 ft wide x 106 ft deep
Water: Municipal
Waste: Sewer To Lot
Zoning: res
Parking: Driveway, On Street
Lot Features: Rectangular Lot

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Lower Level

Bathroom3-Piece
Bedroom12x11
Bedroom11x10
Kitchen18x10

Main Level

Bathroom4-Piece
Bedroom9x9
Bedroom9x9
Dining Room11x11
Kitchen9x8
Living Room12x12

Other Level

Laundry8x7

Property Details

Beds: 4
Baths: 2
Sq. Feet: 1,297
Year Built: 1929
Property Type: Single Family Detached
Municipality: Victoria

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Listed with:

Tony WangTeam 3000 Realty Ltd
Phone: 250-580-8669

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.