23 ALBION STREET
Vancouver Island · V9R1R6
$699,000
About this residence
Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:61366)
Property details
- Property type
- Single Family
- Style
- Duplex
- Ownership
- Freehold
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,658 sq ft
- Lot size
- 6229
- Parking
- 2 spaces
- Year built
- 1956
- Annual tax
- $4,324
- MLS®
- 1022920
- Board
- Vancouver Island
- Status
- Inactive
- Listed
- Jan 9, 2026
- Updated
- May 26, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 10 × 11 feet |
| Bathroom | Main level | 4-Piece |
| Bathroom | Auxiliary Building | 4-Piece |
| Kitchen | Auxiliary Building | 11 × 11 feet |
| Bedroom | Auxiliary Building | 13 × 10 feet |
| Bedroom | Auxiliary Building | 10 × 8 feet |
| Bedroom | Main level | 11 × 8 feet |
| Bedroom | Main level | 12 × 10 feet |
| Living room | Main level | 14 × 13 feet |
| Living room | Auxiliary Building | 16 × 13 feet |
Features & finishes
Heating
- Baseboard heaters
Parking
- Stall
Lot
- Central location
- Other
Financing
Estimated monthly payment
$3,269/mo
Loan amount
$559,200
Down payment
$139,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9R- 31,992
- Population
- 41
- Median age
- $67,500
- Median income
- $548,000
- Median home value
- 60%
- Home ownership
- 21 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 23 ALBION STREET?
23 ALBION STREET is listed for $699,000, in Vancouver Island.
How many bedrooms and bathrooms does 23 ALBION STREET have?
It offers 4 bedrooms and 2 bathrooms.
What type of home is 23 ALBION STREET?
23 ALBION STREET is a Single Family, Duplex, built in 1956.
How large is 23 ALBION STREET?
The home offers approximately 1,658 sq ft of living space on a lot measuring 6229.
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 $3,269. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,324 per year.
Is there parking?
Yes — 23 ALBION STREET includes 2 parking spaces.
What is the Vancouver Island area like?
Vancouver Island has a population of about 31,992, a median age of 41, a 60% home-ownership rate, with an average commute of about 21 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $548,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $67,500.
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Private viewings
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