2620 Margate Avenue, South Oak Bay Oak Bay
Price
$2,399,000
Bedrooms5 Beds
Bathrooms3 Baths
Size3942 sqft
Year Built1952
Property TypeDetached Home
Property Taxes$8,995
Description
OPEN HOUSE Sunday June 14, 2-4. Tucked away on a quiet, tree-lined street in the heart of South Oak Bay, this beautifully maintained residence offers the perfect blend of classic charm and contemporary living. Ideally located just a short stroll from sandy beaches, the Oak Bay Marina, Victoria Golf Club, top-rated schools, scenic parks, the renowned Oak Bay Beach Hotel, and the shops and cafes of Oak Bay Village, this home puts the very best of coastal living at your doorstep. Thoughtfully designed with space and versatility in mind, the home features multiple bedrooms and a bathroom on each of its three levels, an ideal setup for families of all sizes, remote work, or multi-generational living. Whether you are entertaining guests, working from home, or accommodating extended family, there is room for everyone. Significant updates combine style and function, including a full basement renovation in 2016 and a stunning kitchen and dining redesign in 2020 by award-winning designer Jenny Martin, completed by Goodison Construction. Additional upgrades include newer windows, a newer roof, and updated perimeter drains for added peace of mind. Set on a generous 10,500 sq. ft. private lot with mature landscaping, the property also features rare rear lane access to a detached garage, offering convenience and potential development opportunities. The full-height basement is easily convertible to an in-law suite, adding even more flexibility. This is a remarkable opportunity to own a move-in-ready home with incredible possibilities in one of Victoria’s most desirable neighbourhoods. (id:39198)
Listed By
The listing brokerage and/or agent is Alexandrite Real Estate 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
$9,368 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,919,200
Total Interest Payments
$1,183,304
Total Payment (Principal + Interest)
$3,102,504
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.