1256 Walnut St, Victoria
Fernwood · Single Family Residence · MLS® 1035022 · Listed May 7, 2026
Unlock the dual advantage: live, rent, and/or build. This solid 3-bed, 1-bath bungalow in Fernwood delivers a lovely home while positioning you for future redevelopment. Recent upgrades — 200-amp panel, vinyl windows, heat pump, gas fireplace — make it move in ready now. The detached workshop/garage (built 2011) adds flexibility for parking, storage, and more! Set on a large 6,057 sq ft lot with generous frontage and multiple parking spots, this property is a diamond-in-the-rough for developers and priced well below assessed value. Whether you’re planning a renovation, infill home, or multifamily, you can hold and generate cash flow in the meantime. Nestled steps from Fernwood Square’s cafés, theatres, parks, and within minutes to downtown, this is rare strategic real estate — a value play today with significant upside for tomorrow.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Interior | 1,208 sqft |
| Lot Size | 6,057 sqft (0.14 acres) |
| Parking | 8 spaces (3 garage) |
| Year Built | 1938 |
| Fireplaces | 1 |
| Heating | Heat Pump |
| Basement | Unfinished |
| Exterior | Frame Wood, Insulation: Ceiling, Insulation: Walls, Stucco |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter, Stone |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $5,208.55 (2025) |
| Extras | Dryer, Oven/Range Electric, Refrigerator, Washer |
| MLS® # | 1035022 |
| Brokerage | RE/MAX Camosun |
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MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Jun 23, 2026.
