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  5. RIDGE POINTE

552 RIDGE POINTE Place, Olympic View Colwood

Price

$1,499,000

Bedrooms7 Beds

Bathrooms3 Baths

Size4077 sqft

Year Built2017

Property TypeDetached Home

Property Taxes$7,501.53

Description

**OPEN HOUSE - SUN 2-4PM** Welcome to 552 Ridge Pointe Place—where exceptional design meets unmatched flexibility in the heart of Colwood. This thoughtfully crafted 3,251 sq ft home offers 7 bedrooms and 3 bathrooms, including a bright, above-ground 2-bedroom suite with soaring 9’ ceilings, private in-suite laundry, and dedicated parking. With the option to convert the suite into 3 bedrooms, this space opens doors for strong rental income or multi-generational living — all without sacrificing the comfort and space of the main residence. Inside the main home, discover up to 5 bedrooms and stunning architectural details like 11’ ceilings, wide plank engineered hardwood, and expansive living areas filled with natural light. The gourmet kitchen is as functional as it is stylish, with a gas stove, double oven, two sinks, and abundant storage for the serious home chef. A large gas fireplace anchors the living room, creating a cozy yet elegant space for family gatherings or entertaining. Retreat to your primary suite sanctuary, featuring a generous walk-in closet with custom built-ins and a spa-inspired ensuite with a deep soaker tub and oversized walk-in shower. A dedicated laundry room in the main house offers practicality and convenience that busy households will appreciate. Set on a low-maintenance 5,797 sq ft lot, this home also delivers ample parking: a double garage, extended driveway, and RV space or separate parking for the suite. All this is just minutes from the fast-growing Royal Bay community, local beaches, and top-rated schools—making this not only a stunning family home but a strategic long-term investment. Whether you're looking to generate passive income, accommodate a large household, or secure a foothold in one of Greater Victoria's most promising neighborhoods, this property offers the rare opportunity to do it all—without compromise. (id:39198)

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Listed By

The listing brokerage and/or agent is eXp Realty

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

$6,011 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,199,200

Total Interest Payments

$739,380

Total Payment (Principal + Interest)

$1,938,580


Discuss Your Options With Us Today

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

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Comber Friesen Group

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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

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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