4824 Bute St
Vancouver Island · V9Y3M3
$1,950,000
About this residence
Huge potential for expansion or light renovations on this unique multi-use property featuring a storefront, six rental suites, and multiple outbuildings within a fully fenced compound. Create a welcoming retail frontage while generating steady revenue from storage rentals and upper-level apartments. Most of the compound is paved, offering easy access for large trucks if needed. With seven separately titled lots, this property provides excellent flexibility—sell off individual parcels, develop new structures, or unlock additional value on the vacant land. (id:61366)
Property details
- Property type
- Other
- Style
- Commercial Mix
- Ownership
- Freehold
- Annual tax
- $23,875
- MLS®
- 1023953
- Board
- Vancouver Island
- Status
- Active
- Listed
- Jan 22, 2026
- Updated
- Jan 22, 2026
Financing
Estimated monthly payment
$9,120/mo
Loan amount
$1,560,000
Down payment
$390,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9Y- 26,445
- Population
- 50
- Median age
- $67,000
- Median income
- $448,000
- Median home value
- 74%
- Home ownership
- 19 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 4824 Bute St?
4824 Bute St is listed for $1,950,000, in Vancouver Island.
What type of home is 4824 Bute St?
4824 Bute St is a Other, Commercial Mix.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $9,120. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $23,875 per year.
What is the Vancouver Island area like?
Vancouver Island has a population of about 26,445, a median age of 50, a 74% home-ownership rate, with an average commute of about 19 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $448,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $67,000.
Similar residences
Comparable Commercial Mix near Vancouver Island at a similar price.
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