Price
$1,250,000
Bedrooms3 Beds
Bathrooms4 Baths
Size4639 sqft
Year Built1949
Property TypeDetached Home
Property Taxes$2,297.94
An exceptional investment opportunity in the heart of Langford! This updated home offers four self-contained rental spaces with long-term tenants already in place. The upper level features a 3-bedroom main suite plus a separate bachelor/in-law suite. Downstairs, fully renovated in 2022, includes a spacious 5-bedroom layout split into two functioning rental units. The home features 400 amps of service, 200A upstairs and 200A downstairs, with separate meters. Additional upgrades include a 2022 gas hot water on demand system, heat pump, quartz counters, and gas hookups to the upper kitchen, deck, dryer, and lower suite. A dedicated on-site maintenance manager adds value and peace of mind. Conveniently located near schools, shopping, Galloping Goose Trail, and transit. A rare, turn-key multi-unit rental in a rapidly growing area! (id:39198)
The listing brokerage and/or agent is RE/MAX Generation
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
$4,682 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,000,000
Total Interest Payments
$616,561
Total Payment (Principal + Interest)
$1,616,561
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.