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:57150)
| MLS® Number | 1039448 |
| Property Type | Single Family |
| Neigbourhood | Fernwood |
| Community Features | Pets Allowed With Restrictions, Family Oriented |
| Features | Rectangular |
| Parking Space Total | 1 |
| Plan | Vis4776 |
| View Type | City View |
| 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 |
| Street |
| Acreage | No |
| Size Irregular | 1570 |
| Size Total | 1570 Sqft |
| Size Total Text | 1570 Sqft |
| Zoning Type | Residential |
| 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
Contact us for more information
Ann Watley
Personal Real Estate Corporation
(250) 384-8124
(800) 665-5303
(250) 380-6355
www.pembertonholmes.com/