$1,499,900
3104-3106 Richmond Rd
Beds
6
Baths
2
Sqft
—
Year
1940
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Saanich. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Outstanding investment opportunity in the popular Richmond/Lansdowne area! This side-by-side duplex generates approx. $7,000/month plus utilities from long-term leases, with excellent development potential. Each unit features 3 bedrooms (1 on the main, 2 up), bright living/dining areas, modern kitchens, and efficient gas furnaces. Spacious lower levels include garage/basement areas with suite potential. One side already improved with new flooring and a framed-in laundry room. Renovated in 2017 with thermal-pane windows, kitchens & baths, plus recent upgrades including new blinds and washer/dryers. Parking for up to 3 vehicles per side via quiet Frechette St cul-de-sac. Ideally located near Hillside Mall, schools, Camosun & UVIC for strong rental demand. With opportunities to add basement suites and explore a Mullti plex with 4-6 units total potential, this is a turn-key income property with growth upside a rare offering not to be missed! (id:65958)
- Subtype
- Single Family
- Structure
- Duplex
- Community
- Camosun
- Common interest
- Freehold
- Living area
- 2,454 square feet
- Lot size
- 6,160 square feet
- Lot dimensions
- 6160
- Parking
- 6 total
- Fireplace
- 2
- On market
- Apr 8, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $5,788
- Zoning
- Duplex
- Photos
- 50
- MLS#
- 1031327
- Area
- SAANICH
Features and systems
Heating
Cooling
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,181
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.