About this House

Investors and Developers Alert! Exceptional holding property with immediate revenue or prime development potential under Missing Middle on a rare 70-foot-wide frontage lot on the Rockland/Fairfield border. This versatile 5-bed, 2-bath home is ideal as a high-yield investment or flexible multi-generational property. Live upstairs while using the lower level as a mortgage helper. Enjoy a stunning, park-like backyard offering a peaceful outdoor oasis. Alternatively, take advantage of steady rental income while finalizing development plans for this expansive parcel. Currently tenanted, generating $4,900 per month. The adjacent property at 1622 Richardson is also available. Together, the two properties offer approximately 145 feet of combined frontage and 23,584 sq.ft. of land. Situated in a prime central location minutes from transit, bike corridors, and local amenities, this is an unmatched opportunity for holding, land assembly, or future development.

Interior Features Of 1618 Richardson, Rockland, Victoria

Dining/Living Combo

Appliances Included:

Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer

Exterior Features Of 1618 Richardson, Rockland, Victoria

Balcony/Patio, Fencing: Partial

Lot Features Of 1618 Richardson, Rockland, Victoria

Cleared, Level, Serviced, Shopping Nearby, Sidewalk

Listed by Fair Realty.