Saanich · Residential · MLS® 1053554

2229 Arbutus Rd, Saanich

$1,698,000
6Bedrooms
5Bathrooms
3,693Sq Ft
1955Year Built
2Days on Market

About this property

Welcome to 2229 Arbutus Rd;an exceptional opportunity with robust rental income potential.Set on a private, beautifully landscaped .54 acre lot with ocean views,this meticulously maintained property has been lovingly cared for by the same family for nearly 25 years,with extensive improvements along the way.The real opportunity is flexibility:3 separate living spaces,3 kitchens and potential rental income exceeding $100,000/yr. Live in one and have the additional residences offset carrying costs,accommodate multi generational family,or maximize income as an investment.The property also offers expansive outdoor space,parking for vehicles/boats/RVs, a detached 2 car garage/workshop and a private forested backyard with potential for a future large secondary dwelling(buyer to verify).A rare combination of lifestyle, income, flexibility w/great upside that's close to UVic, beaches, schools and amenities. A compelling opportunity for buyers seeking exceptional value in an incredible location!

Features & details

Property Type Single Family Detached
Heating Baseboard,Forced Air,Heat Pump,Wood
Cooling Air Conditioning,Other
Parking Spaces 8
Garage Spaces 2
Water Source Municipal
Sewer Sewer To Lot
Style Arts & Crafts,Cape Cod
Flooring Carpet,Hardwood,Laminate,Linoleum,Tile
Roof Asphalt Shingle
Foundation Poured Concrete
Zoning RS12

Location

Brokerage Listed by The Agency. Information is deemed reliable but not guaranteed.