Nestled on Triangle Mountain in Colwood, this rare offering spans over half an acre, blending rental income potential with development opportunities. The non-conforming fourplex includes 2 spacious 3-bed units and 2 comfortable 2-bed units, each with separate addresses, meters, and shared paid laundry, ensuring maximum rental flexibility. With the current structure occupying only half the lot, the property is ripe for subdivision or additional development. Upgrades include a natural gas hot water tank, newer furnace, updated roof, and refreshed decks. Ample parking enhances convenience for tenants. Ideally located, it's within walking distance of Belmont City Centre, Westshore Mall, and public transit. Whether you're looking to capitalize on immediate rental income or envision long-term growth through subdivision, this property is a smart investment choice for the discerning buyer.