Price
$1,700,000
Bedrooms3 Beds
Bathrooms1 Baths
Size3606 sqft
Year Built1943
Property TypeDetached Home
Property Taxes$6,608.52
Developers take note! An over 28,000 sqft corner lot, across the street from the ocean and walking distance to schools, coffee shops, stores, and parks. Conditional approval secured to subdivide into 2 lots, allowing buyers to use SSMHU zoning and build up to 8 units. Concept plans in place with Zebra Designs for 2 blocks of 4 spacious, well appointed townhomes that meet zoning and parking requirements. A prospective purchaser could follow through with plans as is, or apply for rezoning to seek further densification on this large lot. The property currently features a charming 3 bed, 1 bath single family home and detached garage. This location is private, but features access to a major transit route and close proximity to Admiral’s Walk, Gorge Waterway, and E&N trail. Full info package available to qualified buyers upon request. All buyers to do their own due diligence relating to redevelopment of the property. Also listed under MLS 994120 (RLAND) (id:39198)
The listing brokerage and/or agent is Royal LePage Coast Capital - Chatterton
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.
$6,658 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,360,000
Total Interest Payments
$838,523
Total Payment (Principal + Interest)
$2,198,523
$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.