485 HEAD STREET - 5 Beds 6 Bath - $2,195,000

Directions
Full size photo
$2,195,000
485 HEAD STREET
Esquimalt, British Columbia V9A5S1
MLS® Number: 1032625
5Beds
6Baths
3,064Sq Ft
4Parking
1998Year Built
Single FamilyType

About This Property

*** For more information, please click Brochure button. *** Across the Harbour is a rare, licensed waterfront short-term rental on Victoria’s Inner Harbour. This 5-bed, 6-bath home includes a caretaker suite and garden studio, and is the only C-7A mixed-use zoned property in Esquimalt permitting Tourist Accommodation—an increasingly scarce advantage under new regulations. Designed for BnB or STR use, it features ensuite bedrooms, a renovated kitchen and upstairs loft and flexible indoor-outdoor living. This property’s unique zoning allows a mix of residential and commercial uses compatible with the West Bay neighborhood, providing owners with operational certainty and reduced competition in the local STR marketplace. Operate it as a Bed and Breakfast, which it was purpose built for, a high performing seasonal STR which the current owners have done for two seasons now, an extended family home, or as a turn-key, hands off, year round business utilizing the caretaker suite for live-in management. The lower caretaker suite with separate entrance supports compliance or additional rental income for long or short term rentals. Over $500K invested, with strong revenues and walkable access to downtown. (id:64973)

Rose's Thoughts
Rose Marie Manno

At $716 per square foot, this Esquimalt waterfront home is priced above the local market average, likely reflecting its unique mixed-use zoning and short-term rental potential. Investors seeking a high-yield property with a flexible income stream may find this offering particularly appealing, given its established vacation rental use and desirable Inner Harbour location.

Property Details

Bedrooms5
Bathrooms6
Living Area3,064 sq ft
Lot Size6471 (6,471 square feet)
Year Built1998
Property TypeSingle Family
Parking4
HeatingBaseboard heaters, Natural gas, Wood
CoolingSee Remarks
AppliancesWasher, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave, Jetted Tub
ViewCity view, Ocean view
Annual Taxes$8,331
CityEsquimalt
Postal CodeV9A5S1
MLS® #1032625

Location

Interested in buying in Esquimalt?

Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.