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103 Gorge Road Unit 307, Burnside Victoria

Price

$400,000

Bedrooms1 Beds

Bathrooms1 Baths

Size693 sqft

Year Built1978

Property TypeCondo/Townhouse

Property Taxes$1,561.68

Unit Number307

Maintenance Fees$386/month

Description

Welcome to this updated, spacious one-bedroom condominium located in a robust steel and concrete building in a highly desirable Gorge area. Offering convenient access to various amenities, this condo includes a designated parking spot, a storage locker, and a generously sized balcony. The unit is fully rentable and adheres to a no-pets policy, some exceptions in bylaws. Building amenities feature a laundry room, a games room, a meeting room with panoramic city views, a workshop, a car washing area, a beautiful green space to enjoy the water views and a guest suite. The two-building complex is well-maintained and managed by a proactive strata council. This particular condo represents one of the finest opportunities to come available in the building; it is turnkey and ready for immediate occupancy or can serve as a secure investment for potential tenants. (id:39198)

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Listed By

The listing brokerage and/or agent is Pemberton Holmes Ltd.

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.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$1,954 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$320,000

Total Interest Payments

$197,300

Total Payment (Principal + Interest)

$517,300


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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Meet Alex & Georgia

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.

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Engel & Võlkers Vancouver Island

735 Humboldt St, Victoria, BC V8W 1B1

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions