2229 E Arbutus Rd, Saanich

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!

Documents & Links:

Virtual Tour

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1955 (Age: 71)

Close Price Lease Total:: Signup

Existing Lease Expiry:: Signup

Living Area:: 3,693 sq. ft.343 m2

Listing General Location:: SE Arbutus, Saanich East

Bedrooms:: 6

Bathrooms:: 5.0 (Full:-/Half:-)

Lot Size:: 0.543 acre(s)0.22 hectare(s)

Kitchens:: 3

Home Style:: Arts & Crafts, Cape Cod

Taxes:: Signup

Additional Info:

Building Features:: Basement, Transit Nearby, See Remarks

Construction:: Frame Wood, Insulation All, Stucco, See Remarks

New Construction:: No

Basement:: Full, Walk-Out Access, With Windows

Foundation:: Concrete Perimeter

Roof:: Asphalt Shingle

Other Structures:: Guest Accommodations, Storage Shed, Workshop

Ceiling Heights:: Signup

Floor finish:: Carpet, Hardwood, Laminate, Linoleum, Tile

Total Building Area:: 4,274 sq. ft.397 m2

Total Unfinished Area:: 581 sq. ft.54 m2

Commercial Area:: Signup

# Bedrooms or Dens Total:: 6

# Main Level Bedrooms:: 2

# Second Level Bedrooms:: 2

# Third Level Bedrooms:: 0

# Lower Level Bedrooms:: 2

# Other Level Bedrooms:: 0

# Main Level Bathrooms:: 3

# Second Level Bathrooms:: 1

# Third Level Bathrooms:: 0

# Lower Level Bathrooms:: 1

# Other Level Bathrooms:: 0

# Main Level Kitchens:: 2

# Second Level Kitchens:: 0

# Third Level Kitchens:: 0

# Lower Level Kitchens:: 1

# Other Level Kitchens:: 0

Living Area Lower Floor:: 1,196 sq. ft.111 m2

Living Area Main Floor:: 1,920 sq. ft.178 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 577 sq. ft.53.6 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

Fireplaces:: 2

Fireplace Details:: Electric, Wood Burning

Laundry Features:: In House

Water supply:: Municipal

Sewer:: Sewer To Lot

Cooling:: Air Conditioning, Other

Heating:: Baseboard, Forced Air, Heat Pump, Wood

Fireplace:: Yes

Warranty:: No

More Info Available:

Pending Date:: Signup

Appliances Included:

Dishwasher, Dryer, Microwave, Oven/Range Electric, Range Hood, Refrigerator, Washer

Interior Features:

Dining/Living Combo, Eating Area

Window Features:

Blinds, Garden Window(s), Screens, Vinyl Frames

Exterior Features:

Balcony/Deck, Garden, Sprinkler System, See Remarks

View:

Ocean, Other

Directions:

Gordon Head Rd-turn right on Arbutus Rd

Entry Location:

Main Level

Minimum Age:

BBQ Allowed:

Yes

Smoking Bylaw:

Rent Allowed:

Unrestricted

Room Information:

Floor
Type
Size
Other

Main Floor

2nd Floor

Lower Level

Other

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

2nd Floor

Lower Level

Financial Info:

Financing Notes:: Signup

Assessed:: Signup

Assessment year:: Signup

Approximate Inventory Value:: Signup

Fixed Equipment Approx. Value:: Signup

Goodwill Approx. Value:: Signup

Gross Income:: Signup

Net Operating Income:: Signup

Association Fee:: Signup

Association Fee Frequency:: Signup

Legal Info:

Jurisdiction name:: District of Saanich (SD61)

Legal Description:: Signup

Zoning:: RS12

Accessibility:: Primary Bedroom on Main

Other Details:

Units in Building:: Signup

Units in Community:: Signup

Number of 2 piece baths:: 1

Number of 3 piece baths:: 2

Number of 4 piece baths:: 1

Number of 5 piece baths:: 0

Number of 2 piece Ensuites:: 0

Number of 3 piece Ensuites:: 0

Number of 4 piece Ensuites:: 1

Other Equipment:: Security System, Other Improvements

Occupancy:: Tenant

Property Condition:: Contact List Licensee, Updated/Remodeled

Land Info:

Exposure / Faces:: East

Layout:: Main Level Entry with Lower Level(s)

Lot Site Features:: Central Location, Easy Access, Family-Oriented Neighbourhood, Landscaped, Near Golf Course, Park Setting, Private, Quiet Area, Recreation Nearby, Shopping Nearby, Wooded, See Remarks