2857 Shelbourne Street

$988,000 | Oaklands, Victoria

2857 Shelbourne Street, Oaklands, Victoria

About this House

Exceptional opportunity for homeowners, investors, and developers alike! Situated on a generous 65 x 106 lot in a prime central location, this property offers exciting redevelopment potential. Whether you're looking to explore future multi-unit development, hold as a long-term investment, or move into a home with excellent mortgage helper income, this property offers outstanding flexibility. The home features a bright upper level + self-contained two-bedroom basement suite that currently generates 2000/m in rental income. It's an ideal setup for first-time buyers seeking addl income, investors looking for strong cash flow, or those planning for future redevelopment. Just minutes from downtown Victoria, Hillside Shopping Centre, Camosun College, Cedar Hill Golf, parks, schools, transit, and a wide variety of amenities. Properties offering this combination of redevelopment potential, rental income, and a sought-after location are increasingly rare.Don't miss this exceptional opportunity!

Lot Features Of 2857 Shelbourne, Oaklands, Victoria

Rectangular Lot

Listed by Team 3000 Realty Ltd.

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Features

  • MLS®: 1043630
  • Type: House
  • Bedrooms: 4
  • Bathrooms: 2
  • Square Feet: 1,297 sqft
  • Lot Size: 6,890 sqft
  • Frontage: 65.00 ft
  • Depth: 106.00 ft
  • Taxes: $4,628 (2026)
  • Parking: 1 Driveway, On Street
  • Fireplaces: 0
  • Year Built: 1929