Kyne*
1144 Fort St
Victoria, BC
Canada V8V 3K8
Details
| Address | 1228 Pembroke St |
| Area | Victoria |
| Sub Area | Fernwood |
| State/Province | British Columbia |
| Country | Canada |
| Price | $879,000 |
| Property Type | Half Duplex |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Floor Space | 1715 Square Feet |
| Lot Size | 1570.00 Square Feet |
| Waterfront | No |
| Year Built | 1943 |
| Taxes | $4,443 |
| Tax Year | 2025 |
| MLS® # | 1039448 |
An outstanding investment opportunity in the heart of Fernwood, this beautifully maintained & thoughtfully updated half duplex combines strong revenue, excellent long-term tenants & a highly desirable location. Situated directly across from a picturesque neighbourhood park & surrounded by the character that makes Fernwood one of Victoria's most sought-after communities, this property offers flexibility, functionality & reliable income. Designed with independent living in mind, the home features two self-contained suites, allowing both upper & lower occupants to enjoy privacy & comfort. The property has been extensively upgraded & carefully maintained, creating a truly turnkey opportunity for investors or families seeking a multigenerational living solution. Recent improvements include efficient heat pump, enhanced soundproofing between the suites, a Rheem Marathon hot water tank & a newer roof, providing peace of mind while improving comfort for both occupants. A standout feature is the thoughtfully designed common storage area with two separate locking storage lockers—one for each suite. This secure indoor space is ideal for bicycles, paddleboards, seasonal gear, tools & equipment that support an active West Coast lifestyle. The property currently generates close to $6,000 per month in rental income with excellent long-term tenants already in place. The strong revenue stream & quality tenant profile make the property an attractive addition to any portfolio. Directly across the street, the neighbourhood park provides a beautiful green outlook, while the charming little free library adds to the welcoming community atmosphere. Whether you're looking for a fully updated revenue property, a mortgage helper arrangement, or a flexible multigenerational living option, this exceptional duplex offers a rare combination of location, condition, and income potential. Proudly Presented By Ann Watley Personal Real Estate Corporation, Pemberton Holmes Real Estate
Listed by Pemberton Holmes - Cloverdale
NOTE: 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. The website must only be used by consumers for the purpose of locating and purchasing real estate.
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About
As a proud father of three fantastic adults I understand the importance of family, trust, and commitment. When I’m not guiding clients through the real estate process, you’ll find me out on the water touring the Gulf Islands, cycling, kayaking or playing music with my family. I also have a background in education, holding a Bachelor’s Degree in Education and having studied at the University of Winnipeg, Laval University in Quebec City, and UBC in Vancouver.
I’ve been a REALTOR® in Victoria, BC since 1998 and have witnessed firsthand the full spectrum of real estate market cycles—from boom to bust, and everything in between. This experience gives me a distinct edge when working with both buyers and sellers, as I understand the intricacies of each phase of the market. My clients will tell you that I am confident, knowledgeable, and prepared—yet, above all, available. Relationships are at the core of my business, and I believe a strong rapport with colleagues is essential to securing the best results for my clients.
One of the cornerstones of my practice is my commitment to fiduciary responsibility. I take great pride in honouring my duty to clients who entrust me with their homes. I understand that in today’s rapidly evolving market, with ever-changing regulations, it’s crucial to have a REALTOR® who not only has a clear, strategic marketing plan but also the experience and integrity to navigate complex negotiations. My clients know they can rely on me to always act in their best interests—providing sound advice, expert negotiations, and transparency throughout every step of the process.
Since 2018, I’ve partnered with Dirk Van derWal to publish the VictoriaQReport.com, a comprehensive quarterly real estate report. It's the real estate report realtors read. One of our slogans is What Actually Happened, it's not a question. This publication is the go-to resource for interpreting market trends and data, and is widely regarded by local realtors as an essential tool for understanding the Victoria market. I encourage you to sign up for free and stay informed!
Whether you’re looking to buy, sell, or simply explore your options in this dynamic market, I’d love to work with you and make sure you feel confident every step of the way.
VictoriaQReport.com
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