550 Phelps Ave
Langford
V9B 3H7
$1,050,000
Residential
beds: 5
baths: 3.0
2,475 sq. ft.
built: 1969
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1026612
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year Built:
- 1969
- Photos (33)
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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, dog kennel, 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:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1969 (Age: 57)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,475 sq. ft.
- Listing General Location:
- La Thetis Heights, Langford
- Bedrooms:
- 5
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 8,712 sq. ft.
- Kitchens:
- 2
- Taxes:
- Signup
- Building Features:
- Basement, Transit Nearby
- Construction:
- Stucco
- New Construction:
- No
- Basement:
- None
- Foundation:
- Slab
- Roof:
- Fibreglass Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Mixed, Vinyl
- Total Building Area:
- 3,532 sq. ft.
- Total Unfinished Area:
- 1,057 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 5
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 3
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 1
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 1,405 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 1,070 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 2
- Fireplace Details:
- Living Room, Wood Burning, Other
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- Exists
- Cooling:
- Air Conditioning
- Heating:
- Heat Pump
- Fireplace:
- Yes
- Warranty:
- No
- Pending Date:
- Signup
- Dishwasher, F/S/W/D, Microwave
- Winding Staircase
- Balcony/Deck, Balcony/Patio, Fencing: Full, Low Maintenance Yard
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Langford
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 2
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Updated/Remodeled
- Exposure / Faces:
- Southeast
- Layout:
- Ground Level Entry With Main Up
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway, On Street, RV Access/Parking
- Total Parking Spaces:
- 6
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Apr 02, 2026
- Original Price:
- 1050000.0
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Photo 5 of 33
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Photo 6 of 33
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Photo 7 of 33
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Lower Suite
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Upper Suite
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Upper Suite
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Upper Suite (tenants belongings edited out)
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Upper Suite (tenants belongings edited out)
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Upper Suite
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Upper Suite
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Upper Suite
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Upper Suite Deck
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Studio/inlaw space
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Studio/inlaw space
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Gated Parking
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Patio & Gazebo
-
Photo 33 of 33
Listed by Pemberton Holmes Ltd. - Oak Bay
Data was last updated April 3, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 20
- Avg list price:
- $722,000
- Min list price:
- $499,000
- Max list price:
- $1,589,900
- Avg days on market:
- 78
- Min days on market:
- 1
- Max days on market:
- 238
- Avg price per sq.ft.:
- $467.13
These statistics are generated based on the current listing's property type
and located in
La Thetis Heights. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- MANBIR SAMRA
- PEMBERTON HOLMES - OAK BAY
- 1 (250) 8862365
- Contact by Email
Location
2000 Oak Bay Ave
Victoria, BC, V8R 1E4