2857 Shelbourne St, Oaklands, Victoria

2857 Shelbourne St is a 4 bed, 2 bath Single Family Residence listed at $988,000 in Oaklands, Victoria. Built in 1929. 1,297 sqft of living space. 3 days on market. Listed by Team 3000 Realty Ltd. MLS® 1043630.

$988,000 · Single Family Residence · 4 bed · 2 bath · 1,297 sqft · MLS® 1043630

Exceptional opportunity for homeowners, investors, and developers alike! Situated on a generous 65 x 106 lot in a prime central location, this property offers exciting redevelopment potential. Whether you're looking to explore future multi-unit development, hold as a long-term investment, or move into a home with excellent mortgage helper income, this property offers outstanding flexibility. The home features a bright upper level + self-contained two-bedroom basement suite that currently generates 2000/m in rental income. It's an ideal setup for first-time buyers seeking addl income, investors looking for strong cash flow, or those planning for future redevelopment. Just minutes from downtown Victoria, Hillside Shopping Centre, Camosun College, Cedar Hill Golf, parks, schools, transit, and a wide variety of amenities. Properties offering this combination of redevelopment potential, rental income, and a sought-after location are increasingly rare.Don't miss this exceptional opportunity!

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