Situated in the highly desirable Fernwood, this large character home offers compelling opportunities for investors seeking strong rental potential and future upside. Currently tenanted, the property offers 8 bedrooms and 4 bathrooms, rented for a total of $4,941/month. The lower level features a self-contained 3 bedroom suite, created when the home was lifted in the 1990s. Configured for revenue, the home includes spacious principal rooms, high ceilings, and infrastructure that may support further suite separation, including multiple laundry rough-ins. While the property would benefit from updates, it offers significant value-add potential for a caring investor. Set on a level lot with a fenced backyard, apple tree, front veranda, and large rear deck. Located close to transit, schools, and amenities, and just minutes to downtown Victoria, this is a prime holding property with redevelopment or long-term income potential in one of the city’s most established neighbourhoods.
Data was last updated April 28, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$899,000
Min list price:
$369,900
Max list price:
$1,999,900
Avg days on market:
43
Min days on market:
1
Max days on market:
169
Avg price per sq.ft.:
$603.41
These statistics are generated based on the current listing's property type
and located in
Vi Oaklands. Average values are
derived using median calculations. This data is not produced by
the MLS® system.