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House For Sale in:
Esquimalt, BC

485 Head Street

Price: $2,195,000

Licensed Waterfront STR + Caretaker Suite

Debbie Douez

250-883-0750

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Buyer Agent Friendly

The owner is willing to negotiate commission with any real estate agent who brings an acceptable offer from a qualified buyer.

House For Sale - 485 Head Street, Esquimalt, BC
5
Bedrooms
6
Bathrooms
3064
Square Feet
2 Storeys
Built in
1998
$8,331
Annual Taxes
6471 sq ft
Lot Size
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Description

Across the Harbour BnB offers a rare opportunity to acquire a licensed waterfront short-term rental in one of British Columbia’s most tightly regulated markets. Positioned right on Victoria's Inner Harbour alongside, several marinas, this 5-bedroom, 6-bath residence includes a fully finished caretaker suite and garden office and is the only C-7A mixed-use zoned property in Esquimalt permitting Tourist Accommodation — a regulatory advantage that is no longer easily replicated.

With recent provincial legislation eliminating the majority of short-term rentals, compliant and properly zoned properties have become exceptionally scarce. This property’s unique zoning allows a mix of residential and commercial uses compatible with the West Bay neighbourhood, providing owners with operational certainty and reduced competition in the local STR marketplace. Operate it as a Bed and Breakfast, which it was purpose built for, a high performing seasonal STR which the current owners have done for two seasons now, or as a turn-key, hands off, year round business utilizing the caretaker suite for live-in management.

The main residence features four bedrooms, each with private ensuite bathrooms — an ideal configuration for premium nightly rentals or group stays. A renovated kitchen, spacious gathering areas, and multiple indoor–outdoor living spaces which capture marina and garden views. A fully finished basement suite with private entrance, kitchenette, and full bath provides essential operational flexibility. Use as a live-in caretaker model to support provincial STR compliance, an owner-occupied suite while renting the main house seasonally or live in the main house with your family and rent the suite short or long term as a mortgage helper.

Enhancing both lifestyle appeal and business functionality is a beautifully designed and built studio featuring fir beam ceilings, skylights, and wood burning stove that integrates seamlessly with the beautifully landscaped garden. The studio offers a dedicated office space for STR operations, a creative space for owners or a private retreat separate from guest areas. In the eight years of ownership, over $500K has been invested in the home, business and property.

The property has demonstrated strong revenues, driven by its waterfront positioning, walkable proximity to downtown Victoria, and limited local STR competition. Detailed financial history and expense summaries are available to qualified buyers.

Additional Details

MLS® Number: 1030881
Property Type: House
Year Built: 1998
Postal Code: V9A5S1
MLS® Link: View on REALTOR.ca
FSBO ID: 315623