+31 more
6
Bedrooms
3
Bathrooms
2,475 sqft
Living Area
8,712 sqft
Lot
1969
Year Built
About This Property
This 6-bedroom, 3-bathroom single family in Langford offers 2,475 sqft of living area on a 8,712 sqft lot. Built in 1969. The property has lot dimensions of 8712, zoned Residential. The home features heat pump heating, air conditioned, a fireplace.
MLS Remarks
Welcome to 550 Phelps Avenue, a versatile income property in Thetis Heights offering strong revenue potential and flexible living options. This well-maintained home is set up with a 3-bedroom suite upstairs, a 2-bedroom plus office on the lower level, and additional studio-style space with kitchenette, providing flexibility depending on your needs. Each living area includes in-suite laundry and its own heat pump for individual climate control, a highly desirable setup for tenant comfort and long-term retention. The upper suite offers open living with a spacious kitchen and island, generous room sizes, and access to its own deck and the backyard. Entry is via a spiral staircase, creating clear separation between the upper and lower living spaces. The lower level opens to a large patio and a wired gazebo with fan, creating a functional outdoor area for everyday use or entertaining. The yard is large, flat, and fully fenced, with a large shed that works well as a hobby space or additional storage. 200 amp electrical service supports the home, and gated access provides ample parking for boats, RVs, trailers, work vehicles, and additional storage needs. Located within walking distance to Thetis Lake Regional Park and offering easy access to Hwy 1, shopping, schools, parks, and transit routes, this is a well-positioned property in a consistently in-demand area. The layout, separation between living areas, and independent systems support strong rental appeal, making this a practical option for investors seeking stable income and long-term value in a well-connected neighbourhood. (id:60351)
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