Victoria · Residential · MLS® 1047844
1618 Richardson St, Victoria
About this property
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 boarder. This versatile 5-bed, 2-bath home features a layout perfect as a high-yield investment or a flexible multi-generational property. Live comfortably upstairs while using the lower level as a powerful mortgage helper. Step outside to enjoy a stunning, park-like backyard that offers a peaceful outdoor oasis. Alternatively, take advantage of the steady rental stream while you finalize design concepts and development plans for this expansive parcel. The property is currently tenanted, generating immediate cash flow of $4,900 per month. Situated in a prime, central location just minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for long-term holding or future development.
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