Description
Welcome to 2229 Arbutus Rd;an exceptional opportunity with robust rental income potential.Set on a private, beautifully landscaped .54 acre lot with ocean views,this meticulously maintained property has been lovingly cared for by the same family for nearly 25 years,with extensive improvements along the way.The real opportunity is flexibility:3 separate living spaces,3 kitchens and potential rental income exceeding $100,000/yr. Live in one and have the additional residences offset carrying costs,accommodate multi generational family,or maximize income as an investment.The property also offers expansive outdoor space,parking for vehicles/boats/RVs, a detached 2 car garage/workshop and a private forested backyard with potential for a future large secondary dwelling(buyer to verify).A rare combination of lifestyle, income, flexibility w/great upside that's close to UVic, beaches, schools and amenities. A compelling opportunity for buyers seeking exceptional value in an incredible location!
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1053554 |
| Status | Active |
| City | Saanich |
| Area | Saanich East |
| Sub-Area | SE Arbutus |
| Postal Code | V8N 1V2 |
| Property Taxes | $9,215.80 (2026) |
| Garage Spaces | 2 |
| Parking Total | 8 |
| Zoning | RS12 |
| Facing | East |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Heating | Baseboard,Forced Air,Heat Pump,Wood |
| Cooling | Air Conditioning,Other |
| Fireplaces | 2 |
| Fireplace Type | Electric,Wood Burning |
| Appliances | Dishwasher,Dryer,Microwave,Oven/Range Electric,Range Hood,Refrigerator,Washer |
| Interior Features | Dining/Living Combo,Eating Area |
| Exterior Features | Balcony/Deck,Garden,Sprinkler System,See Remarks |
| Construction | Frame Wood,Insulation All,Stucco,See Remarks |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Full,Walk-Out Access,With Windows |
| Laundry | In House |
| Listed Date | Nov 3, 2026 |
| Lot Size | 0.54 acres |