2857 Shelbourne St, Victoria
Oaklands · Single Family Residence · MLS® 1043630 · Listed Jul 18, 2026
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!
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Interior | 1,297 sqft |
| Lot Size | 6,890 sqft (0.16 acres) |
| Lot Features | Rectangular Lot |
| Parking | 1 space |
| Year Built | 1929 |
| Heating | Baseboard, Electric |
| Basement | Finished |
| Exterior | Stucco, Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $4,628 (2026) |
| MLS® # | 1043630 |
| Brokerage | Team 3000 Realty Ltd |
Similar properties sold within 6 months
Oaklands single-family averages, updated daily. See Oaklands market stats or Victoria market stats.
It is listed at $988,000.
A Single Family Residence in Oaklands, Victoria with 4 bedrooms, 2 bathrooms, 1,297 sqft, built in 1929.
It has 1 parking space.
The lot is 6,890 sqft (0.16 acres).
Victoria is currently a seller's market: median sold price $1,029,000, 1.9 months of inventory, homes typically selling in about 25 days.
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: Jul 26, 2026.
