487 Burnside Rd E

487 Burnside Rd E · Victoria · Industrial · $1,800,000 · MLS 1022587

Victoria, British Columbia

C$1,800,000

For sale

487 Burnside Rd E is located in Victoria. Property snapshot: Industrial, listed at $1,800,000, MLS 1022587. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 79. Latest recorded list price 1800000.00; 1 price change(s) on fi

List Price: $1,800,000

MLS: 1022587

Days on Site: 79

Price History: Latest recorded list price 1800000.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 487 Burnside Rd E?

Start by reading this listing in its Victoria context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?

Recent comparable sales, competing active listings, days on market, price changes and current market pace.
Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.

How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 487 Burnside Rd E?

This page shows a list price of $1,800,000 with MLS 1022587.

What type of home is this Victoria listing?

The page shows Industrial at 487 Burnside Rd E. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 79 days on market/site. Latest recorded list price 1800000.00; 1 price change(s) on file.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

Owner-operator opportunity with potential for additional tenancies if desired. This versatile, high-utility building includes two ground-level units with separate entrances, mezzanine, dedicated offices, boardroom, and rear exterior shop with two powered sea cans. Expandable via rear yard (approx. 2,770 sq ft). Offers ~7,820 sq ft floor area plus 497 sq ft Quonset hut on rear lot. Ideal for investors or owner-occupiers with flexible options: six months’ notice to month-to-month tenants (from final subject removal) for vacancy, or renegotiate leases for income. Workshop: 17’6” height, 10’x12’ exterior door. In a rapidly redeveloping area with strong future growth potential. Do not approach tenants. All measurements approximate; verify independently. Buyers to conduct due diligence on expansion with municipality. (id:56153)