550 PHELPS AVENUE

Langford, , V9B3H7, Canada

$1,050,000

Welcome to 550 Phelps Avenue, a versatile income property in Thetis Heights offering strong revenue potential and flexible living options. This well-maintained home is set up with a 3-bedroom suite upstairs, a 2-bedroom plus office on the lower level, and additional studio-style space with kitchenette, providing flexibility depending on your needs. Each living area includes in-suite laundry and its own heat pump for individual climate control, a highly desirable setup for tenant comfort and long-term retention. The upper suite offers open living with a spacious kitchen and island, generous room sizes, and access to its own deck and the backyard. Entry is via a spiral staircase, creating clear separation between the upper and lower living spaces. The lower level opens to a large patio and a wired gazebo with fan, creating a functional outdoor area for everyday use or entertaining. The yard is large, flat, and fully fenced, with a dog kennel and a large shed that works well as a hobby space or additional storage. 200 amp electrical service supports the home, and gated access provides ample parking for boats, RVs, trailers, work vehicles, and additional storage needs. Located within walking distance to Thetis Lake Regional Park and offering easy access to Hwy 1, shopping, schools, parks, and transit routes, this is a well-positioned property in a consistently in-demand area. The layout, separation between living areas, and independent systems support strong rental appeal, making this a practical option for investors seeking stable income and long-term value in a well-connected neighbourhood.

EXTRAS: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave

Last updated on : Friday 3rd of April 2026 09:11:04 PM

ADDRESS

Street : 550 PHELPS AVENUE

City : Langford

Country : Canada

Postal Code : V9B3H7

Open in Google Map

PROPERTY SUMMARY

Property ID : 1026612

Building Type : House

Property Type : Single Family

Bedrooms : 5

Bathrooms : 3

Parking : 6

Similar Properties

Single Family

3280 6TH AVENUE

Vancouver, British Columbia, V5M1S7

$1,499,000

Beds: 5Baths: 3

property Type: House

type: Sale

Ken Ng
3 days ago

DETAILS

Single Family

7791 SUNNYMEDE CRESCENT

Richmond, British Columbia, V6Y1H3

$3,498,000

Beds: 5Baths: 6

property Type: House

type: Sale

Wayne Liu
1 month ago

DETAILS

Single Family

1273 LYNWOOD AVENUE

Port Coquitlam, British Columbia, V3B6H1

$1,300,000

Beds: 5Baths: 3

property Type: House

type: Sale

Liam Rines
4 months ago

DETAILS

Single Family

1960 CATALINA CRESCENT

Abbotsford, British Columbia, V2T3W1

$939,900

Beds: 5Baths: 4

property Type: House

type: Sale

Rod Friesen
3 days ago

DETAILS

Single Family

2740 2ND AVENUE

Vancouver, British Columbia, V5M1E1

$1,750,000

Beds: 5Baths: 3

property Type: House

type: Sale

Cosmo Nino Spagnuolo
4 weeks ago

DETAILS

Inquire about this property