Located in sought-after Fernwood on a large corner lot, this versatile property offers exceptional lifestyle and income potential. Just minutes from the village core with cafés, restaurants, and the iconic Belfry Theatre, and within walking distance to downtown, Victoria High, and Central Middle School. The property includes a beautifully built self-contained Carriage House built in 2011 and a lifted 3 bedroom bungalow featuring a 2bedroom lower suite added in 2012. Thoughtful upgrades include separately metered Hot Water on Demand, new hot water tank in the Carriage House, info meters on subpanels, a new roof in 2022, exterior paint in 2023, and efficient in-floor hydronic heating. Ideal for homeowners seeking mortgage support or investors looking for three income streams in one of Victoria’s most desirable neighbourhoods.