5 Bed Single Family Detached in Victoria

$1,349,900

1618 Richardson St
MLS^® NO: 1047844

Description

Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development.

General

Property Type:Single Family Detached

Title of Ownership:LOT 35, PLAN VIP10250, SECTION 68, VICTORIA LAND DISTRICT

Layout:Main Level Entry with Lower Level(s)

Taxes:$7,935

Tax Year:2026

Finished Sq. Ft.:2,296

Year Built:1956

Display Full Description

Interior Details

Bedroom(s): 5

Bathroom(s): 2

Basement Type: Full, Walk-Out Access, With Windows

Basement Description: 1

Interior Features: Dining/Living Combo

Appliances Included: Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer

Building Details

Foundation: Poured Concrete

Roof: Asphalt Shingle

Heat/Air: Baseboard, Electric, Wood

Site Influences

Lot SqFt: 11,464

Acres: 0.26

Lot Shape: 70 ft wide x 175 ft deep

Water: Municipal

Waste: Sewer To Lot

Parking: Driveway

Lot Features: Cleared, Level, Serviced, Shopping Nearby, Sidewalk

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Lower Level

Bathroom2-Piece

Other14'x11'

Other15'x12'

Other17'x10'

Rec Room11'x11'

Main Level

Bathroom4-Piece

Bedroom10'x10'

Bedroom11'x9'

Bedroom - Primary13'x11'

Dining Room13'x9'

Entrance7'x5'

Kitchen13'x10'

Living Room18'x11'

Unfinished

Basement22'x13'

Deck24'x23'

Property Details

Beds: 5

Baths: 2

Sq. Feet: 2,296

Year Built: 1956

Property Type: Single Family Detached

Municipality: Victoria

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Listed with:

Marko Juras
Fair Realty
Phone: 250-380-8297

Rulon Schmidt
Fair Realty
Phone: 250-891-7842
Fax: 778-430-2228

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.