5 Bedroom
2 Bathroom
1,715 sqft
Character
Fireplace
Air Conditioned
Baseboard Heaters, Heat Pump
$879,000
An outstanding investment opportunity in the heart of Fernwood, this beautifully maintained & thoughtfully updated half duplex combines strong revenue, excellent long-term tenants & a highly desirable location. Situated directly across from a picturesque neighbourhood park & surrounded by the character that makes Fernwood one of Victoria's most sought-after communities, this property offers flexibility, functionality & reliable income. Designed with independent living in mind, the home features two self-contained suites, allowing both upper & lower occupants to enjoy privacy & comfort. The property has been extensively upgraded & carefully maintained, creating a truly turnkey opportunity for investors or families seeking a multigenerational living solution. Recent improvements include efficient heat pump, enhanced soundproofing between the suites, a Rheem Marathon hot water tank & a newer roof, providing peace of mind while improving comfort for both occupants. A standout feature is the thoughtfully designed common storage area with two separate locking storage lockers—one for each suite. This secure indoor space is ideal for bicycles, paddleboards, seasonal gear, tools & equipment that support an active West Coast lifestyle. The property currently generates close to $6,000 per month in rental income with excellent long-term tenants already in place. The strong revenue stream & quality tenant profile make the property an attractive addition to any portfolio. Directly across the street, the neighbourhood park provides a beautiful green outlook, while the charming little free library adds to the welcoming community atmosphere. Whether you're looking for a fully updated revenue property, a mortgage helper arrangement, or a flexible multigenerational living option, this exceptional duplex offers a rare combination of location, condition, and income potential. Proudly Presented By Ann Watley Personal Real Estate Corporation, Pemberton Holmes Real Estate (id:63400)
Property Details
|
MLS® Number
|
1039448 |
|
Property Type
|
Single Family |
|
Neigbourhood
|
Fernwood |
|
Community Features
|
Pets Not Allowed, Family Oriented |
|
Features
|
Rectangular |
|
Parking Space Total
|
1 |
|
Plan
|
Vis4776 |
|
View Type
|
City View |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Total
|
5 |
|
Architectural Style
|
Character |
|
Constructed Date
|
1943 |
|
Cooling Type
|
Air Conditioned |
|
Fireplace Present
|
Yes |
|
Fireplace Total
|
1 |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters, Heat Pump |
|
Size Interior
|
1,715 Sqft |
|
Type
|
Duplex |
Parking
Land
|
Acreage
|
No |
|
Size Irregular
|
1570 |
|
Size Total
|
1570 Sqft |
|
Size Total Text
|
1570 Sqft |
|
Zoning Type
|
Residential |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Bedroom |
9 ft |
12 ft |
9 ft x 12 ft |
|
Second Level |
Bedroom |
13 ft |
10 ft |
13 ft x 10 ft |
|
Lower Level |
Bathroom |
|
|
3-Piece |
|
Lower Level |
Other |
4 ft |
7 ft |
4 ft x 7 ft |
|
Lower Level |
Storage |
12 ft |
5 ft |
12 ft x 5 ft |
|
Lower Level |
Storage |
12 ft |
5 ft |
12 ft x 5 ft |
|
Lower Level |
Storage |
11 ft |
11 ft |
11 ft x 11 ft |
|
Lower Level |
Bedroom |
9 ft |
11 ft |
9 ft x 11 ft |
|
Lower Level |
Bedroom |
10 ft |
10 ft |
10 ft x 10 ft |
|
Lower Level |
Living Room |
15 ft |
8 ft |
15 ft x 8 ft |
|
Lower Level |
Kitchen |
9 ft |
9 ft |
9 ft x 9 ft |
|
Lower Level |
Entrance |
4 ft |
7 ft |
4 ft x 7 ft |
|
Main Level |
Porch |
13 ft |
6 ft |
13 ft x 6 ft |
|
Main Level |
Living Room |
12 ft |
13 ft |
12 ft x 13 ft |
|
Main Level |
Primary Bedroom |
9 ft |
12 ft |
9 ft x 12 ft |
|
Main Level |
Bathroom |
|
|
3-Piece |
|
Main Level |
Kitchen |
10 ft |
11 ft |
10 ft x 11 ft |
|
Main Level |
Dining Room |
10 ft |
7 ft |
10 ft x 7 ft |
|
Main Level |
Entrance |
3 ft |
6 ft |
3 ft x 6 ft |
https://www.realtor.ca/real-estate/29906263/1228-pembroke-st-victoria-fernwood