550 Phelps Ave, Langford
Thetis Heights · Single Family Residence · MLS® 1026612 · Listed Apr 2, 2026
Versatile income property in Thetis Heights with strong revenue potential. Configured with a 3-bed suite up, 2-bed plus office down, and additional studio-style space with kitchenette. Each living area includes in-suite laundry and its own heat pump for individual climate control. The upper suite offers open living with a spacious kitchen and island, while the lower level opens to a large patio and a wired gazebo with fan. Set on a large, flat lot with a fully fenced yard, and shed suitable for hobby use or storage. 200 amp electrical service in place. Gated parking for boats, RVs, trailers, work vehicles, and additional storage needs. Walking distance to Thetis Lake Regional Park with easy access to Hwy 1, shopping, schools, parks, and transit routes. Well suited for multi-tenant use with strong rental appeal and a practical layout that supports long-term value.
| Property Type | Single Family Residence |
| Bedrooms | 6 |
| Bathrooms | 3 |
| Interior | 2,475 sqft |
| Lot Size | 8,712 sqft (0.2 acres) |
| Parking | 6 spaces |
| Year Built | 1969 |
| Fireplaces | 2 |
| Heating | Heat Pump |
| Basement | None |
| Exterior | Stucco |
| Roof | Fibreglass Shingle |
| Foundation | Slab |
| Flooring | Carpet, Mixed, Vinyl |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $4,983 (2025) |
| Extras | Dishwasher, Dryer, F/S/W/D, Microwave, Refrigerator, Washer |
| MLS® # | 1026612 |
| Brokerage | Pemberton Holmes Ltd. - Oak Bay |
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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: Jul 4, 2026.
