Description
Unlock the dual advantage: live, rent, and/or build. This solid 3-bed, 1-bath bungalow in Fernwood delivers a lovely home while positioning you for future redevelopment. Recent upgrades — 200-amp panel, vinyl windows, heat pump, gas fireplace — make it move in ready now. The detached workshop/garage (built 2011) adds flexibility for parking, storage, and more! Set on a large 6,057 sq ft lot with generous frontage and multiple parking spots, this property is a diamond-in-the-rough for developers and priced well below assessed value. Whether you’re planning a renovation, infill home, or multifamily, you can hold and generate cash flow in the meantime. Nestled steps from Fernwood Square’s cafés, theatres, parks, and within minutes to downtown, this is rare strategic real estate — a value play today with significant upside for tomorrow.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1035022 |
| Status | Active |
| City | Victoria |
| Area | Victoria |
| Sub-Area | Vi Fernwood |
| Postal Code | V8T 1N6 |
| Property Taxes | $5,208.55 (2025) |
| Garage Spaces | 3 |
| Parking Total | 5 |
| Facing | West |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Heat Pump |
| Cooling | Air Conditioning |
| Fireplaces | 1 |
| Fireplace Type | Gas,Living Room |
| Appliances | Dryer,Oven/Range Electric,Refrigerator,Washer |
| Construction | Frame Wood,Insulation: Ceiling,Insulation: Walls,Stucco |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete,Stone |
| Basement | Unfinished |
| Laundry | In House |
| Listed Date | May 7, 2026 |
| Ownership | Freehold |
| Lot Size | 0.14 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 11 ft x 9 ft | |
| Bedroom | Main level | 11 ft x 12 ft | |
| Dining nook | Main level | 10 ft x 8 ft | |
| Dining room | Main level | 13 ft x 12 ft | |
| Entrance | Main level | 4 ft x 5 ft | |
| Kitchen | Main level | 10 ft x 9 ft | |
| Living room | Main level | 14 ft x 11 ft | |
| Primary Bedroom | Main level | 15 ft x 12 ft | |
| Storage | Other | 8 ft x 8 ft |
Building Details
| Heating | Heat Pump |
| Stories | -1 |
| Appliances | Dryer, Range - Electric, Refrigerator, Washer |
Additional Information
| Land Size | 6057 sqft |
| Building Type | House |
| Interior Size | 1208 sqft |
| Transaction | For sale |