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
Address
1228 Pembroke St
List Price
$879,000
Property Type
Residential
Type of Dwelling
Half Duplex
Style of Home
Character
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Fernwood
Bedrooms
5
Bathrooms
2
Floor Area
1,715 Sq. Ft.
Lot Size
1570 Sq. Ft.
Lot Size (Acres)
0.04 Ac.
Year Built
1943
MLS® Number
1039448
Listing Brokerage
Pemberton Holmes Ltd.
Basement Area
Finished
Postal Code
V8T 1J8
Tax Amount
$4,443.91
Tax Year
2025
Features
Baseboard, Carpet, Electric, Heat Pump, Tile
Amenities
Balcony/Patio, Fencing: Full, Primary Bedroom on Main, Rectangular Lot