1250 Fairfield Rd W, Victoria, BC

$1,599,000

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0.16

Acres

About 1250 Fairfield Rd W

3600 SF legal 5 LHK/SFD character-conversion in the heart of Cook St. Village and 5 Points Fairfield Neighborhood. This corner lot offers near term profitability with a development cost yield (DCY) of greater than 20% for green light financing at average selling price of ~$900.00/SF or owner-occupier versatility through home restoration & long-term appreciation. Fairfield Plan outlays 5 Points Small Urban Village for 2.0 FSR and up to 4 Storeys with Fairfield Rd. frontage. Provincial Bill 47 supports urban density proposals for SFD-sized lots adjacent to public transit. There is a sheltered bus stop directly in front of this ~7000 SF Corner Lot, currently zoned R3-A1 Multiple Dwelling District with a legal current usage of 5 LHK (Light House Keeping) Transient Accommodation Character Conversion. Current dwelling has been occupied as a SFD for the past two decades & can be restored as such. Mere blocks from Beacon Hill Park, Sir James Douglas Elementary & Dallas Road Beach.

Commercial Sale home for sale in Victoria, BC at 1250 Fairfield Rd W.

Features of 1250 Fairfield Rd W

MLS® # 992633
Price $1,599,000
Acres 0.16
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information: Victoria

Address 1250 Fairfield Rd W
Area Vi Fairfield West
Subdivision Vi Fairfield West
City Victoria
County Capital Regional District
Province BC
Postal Code V8V 3B5

Amenities of 1250 Fairfield Rd W

Is Waterfront No
Has Pool No

Interior of 1250 Fairfield Rd W

Heating Baseboard, Forced Air, Natural Gas
Fireplace No

Exterior of 1250 Fairfield Rd W

Exterior Features Balcony, Fencing: Partial
Construction Frame Wood, Insulation: Partial
Foundation Poured Concrete

Additional Information On 1250 Fairfield Rd W

Date Listed March 19th, 2025
Days on Market 110
Zoning R3-A2

Listing Details of 1250 Fairfield Rd W

OfficeRoyal LePage Coast Capital - Chatterton

Map To 1250 Fairfield Rd W, Victoria

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