1228 Pembroke St | $879,000 | MLS® 1039448
Tony Zarsadias* Agent Photo
Tony
Zarsadias*
P. (604) 682-2088
Phone Tony
RENNIE & ASSOCIATES REALTY LTD.
502 Pembroke St
BC
Canada V8T 1H4
MLS® 1039448

Details

%
Years (35 year max)
Years



Address 1228 Pembroke St
AreaVictoria
Sub AreaFernwood
State/ProvinceBritish Columbia
CountryCanada
Price$879,000
Property TypeHalf Duplex
Bedrooms5
Bathrooms2
Floor Space1715 Square Feet
Lot Size1570.00 Square Feet
WaterfrontNo
Year Built1943
Taxes $4,641
Tax Year2026
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


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About

With a background in commercial sales and specializing in project sales and marketing, Tony has an extensive history in the Victoria real estate market. He is also a well-known leader in the real estate community and is often featured in presentations or asked for his insights on condo-related media stories. Tony is a perennial MLS Gold Award winner and has also won the prestigious MLS Special Gold Award. From 2011-2015, Tony was the number one Realtor for number of strata sales. 

Tony is a former member of Canada’s National Cycling Team and was awarded the Fair Play Award in 2002. He is also an avid runner, road and mountain cyclist, crossfit athlete, and triathlon competitor. Sport has played a massive role in Tony’s life, teaching him a strong work ethic, how to be a team player, and how to lead. Together with his wife, Erinne, who is a 2008 cycling Olympian, he wants to help ensure as many kids get a chance to play organized sports as he can. They have started an initiative called Guardian Athlete (www.guardianathlete.ca) to help kids from less fortunate backgrounds get into sports. He helps other organizations in the Victoria community, too, including Our Place Society, The Mustard Seed, Power to Be, and “Journey,” an initiative to build homes in third-world countries.

At the core of it, though, Tony is a family man. He is the proud dad to Xavier and Catalina, and, fun fact; he owns a modest mango farm in the Philippines with his sister.