Situated in the highly desirable Fernwood, this large character home offers compelling opportunities for investors seeking strong rental potential and future upside. Currently tenanted, the property offers 8 bedrooms and 4 bathrooms, rented for a total of $4,941/month. The lower level features a self-contained 3 bedroom suite, created when the home was lifted in the 1990s. Configured for revenue, the home includes spacious principal rooms, high ceilings, and infrastructure that may support further suite separation, including multiple laundry rough-ins. While the property would benefit from updates, it offers significant value-add potential for a caring investor. Set on a level lot with a fenced backyard, apple tree, front veranda, and large rear deck. Located close to transit, schools, and amenities, and just minutes to downtown Victoria, this is a prime holding property with redevelopment or long-term income potential in one of the city's most established neighbourhoods.