1256 Walnut St in Victoria: Vi Fernwood Single Family Residence for sale : MLS®# 1035022

Unlock the dual advantage: live, rent, and/or build. This solid 3-bed, 1-bath bungalow in Fernwood delivers a lovely home while positioning you for future redevelopment. Recent upgrades — 200-amp panel, vinyl windows, heat pump, gas fireplace — make it move in ready now. The detached workshop/garage (built 2011) adds flexibility for parking, storage, and more! Set on a large 6,057 sq ft lot with generous frontage and multiple parking spots, this property is a diamond-in-the-rough for developers and priced well below assessed value. Whether you’re planning a renovation, infill home, or multifamily, you can hold and generate cash flow in the meantime. Nestled steps from Fernwood Square’s cafés, theatres, parks, and within minutes to downtown, this is rare strategic real estate — a value play today with significant upside for tomorrow.

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1938 (Age: 88)

Living Area:: 1,208 sq. ft.112 m2

Listing General Location:: Vi Fernwood, Victoria

Bedrooms:: 3

Bathrooms:: 1.0 (Full:-/Half:-)

Lot Size:: 6,057 sq. ft.563 m2

Kitchens:: 1

Taxes:: $5,208.55 / 2025

Additional Info:

Construction:: Frame Wood, Insulation: Ceiling, Insulation: Walls, Stucco

New Construction:: No

Basement:: Unfinished

Foundation:: Concrete Perimeter, Stone

Roof:: Asphalt Shingle

Other Structures:: Storage Shed, Workshop

Total Building Area:: 2,388 sq. ft.222 m2

Total Unfinished Area:: 1,180 sq. ft.110 m2

# Bedrooms or Dens Total:: 3

# Main Level Bedrooms:: 3

# Second Level Bedrooms:: 0

# Third Level Bedrooms:: 0

# Lower Level Bedrooms:: 0

# Other Level Bedrooms:: 0

# Main Level Bathrooms:: 1

# Second Level Bathrooms:: 0

# Third Level Bathrooms:: 0

# Lower Level Bathrooms:: 0

# Other Level Bathrooms:: 0

# Main Level Kitchens:: 1

# Second Level Kitchens:: 0

# Third Level Kitchens:: 0

# Lower Level Kitchens:: 0

# Other Level Kitchens:: 0

Living Area Lower Floor:: 1,180 sq. ft.110 m2

Living Area Main Floor:: 1,208 sq. ft.112 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 0 sq. ft.0 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

Fireplaces:: 1

Fireplace Details:: Gas, Living Room

Laundry Features:: In House

Water supply:: Municipal

Sewer:: Sewer Connected

Cooling:: Air Conditioning

Heating:: Heat Pump

Fireplace:: Yes

Appliances Included:

Dryer, Oven/Range Electric, Refrigerator, Washer

Entry Location:

Main Level

Minimum Age:

BBQ Allowed:

Yes

Smoking Bylaw:

Rent Allowed:

Unrestricted

Room Information:

Floor
Type
Size
Other

Main Floor

Living Room

14' × 11'

Main Floor

Eating Nook

10' × 8'

Main Floor

Bedroom - Primary

15' × 12'

Main Floor

Deck

12' × 5'

Main Floor

Dining Room

13' × 12'

Main Floor

Bedroom

11' × 9'

Main Floor

Bedroom

12' × 11'

Main Floor

Kitchen

10' × 9'

Main Floor

Entrance

5' × 4'

Lower Level

Basement

24' × 15'

Lower Level

Basement

25' × 12'

Other

Garage

24' × 14'

Other

Separate Storage

8' × 8'

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

4-Piece

Financial Info:

Assessed:: 982000.0

Assessment year:: 2026

Legal Info:

Jurisdiction name:: City of Victoria

Legal Description:: LOT 30, PLAN VIP140, VICTORIA LAND DISTRICT, SPRING RIDGE

Other Details:

Number of 2 piece baths:: 0

Number of 3 piece baths:: 0

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:: Resale

Land Info:

Exposure / Faces:: West

Layout:: Main Level Entry with Lower Level(s)

Attached Garage:: No

Carport Spaces:: 0

Garage Spaces:: 3

Garage:: Yes

Parking Features:: Detached, Driveway, Garage, Garage Double

Total Parking Spaces:: 5

1256 Walnut St
Vi Fernwood Victoria V8T 1N6

$799,999
Residential beds: 3 baths: 1.0 1,208 sq. ft. built: 1938

Schedule a viewing:

1256 Walnut St Vi Fernwood Victoria V8T 1N6

$799,999 Residential beds: 3 baths: 1.0 1,208 sq. ft. built: 1938

Schedule a viewing:

1256 Walnut St
Vi Fernwood Victoria V8T 1N6

$799,999
Residential beds: 3 baths: 1.0 1,208 sq. ft. built: 1938