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.
Address
1618 Richardson St
List Price
$1,349,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Rockland
Bedrooms
5
Bathrooms
2
Floor Area
2,296 Sq. Ft.
Lot Size
11464 Sq. Ft.
Lot Size (Acres)
0.26 Ac.
Year Built
1956
MLS® Number
1047844
Listing Brokerage
Fair Realty
Basement Area
Full, Walk-Out Access, With Windows
Postal Code
V8S 1R4
Tax Amount
$7,935.20
Tax Year
2026
Features
Baseboard, Dining/Living Combo, Dryer, Electric, Oven/Range Electric, Range Hood, Refrigerator, Tile, Washer, Wood, Wood
Amenities
Balcony/Patio, Cleared, Fencing: Partial, Level, Serviced, Shopping Nearby, Sidewalk