Price
$500,000
Bedrooms3 Beds
Bathrooms1 Baths
Size1100 sqft
Year Built1930
Property TypeDetached Home
Property Taxes$4,239.29
Not to overuse the phrase, but here it is: ''Opportunity Knocks.'' This home will require a handy person to take on the challenge and ultimately create strong market equity. The City of Duncan's LDR (Low Density Residential) zoning allows for a potential of 4 units. The nearly double-sized lot measures 9,292 sqft, which is approximately 0.21 of an acre or 863 square meters, allowing for numerous options for high-density use. The lot is flat and situated on a quiet, no-through road, within walking distance to shopping, schools, recreation, and downtown. This is an excellent opportunity for investors, builders, or first-time buyers who are willing to take on a project and reap the benefits at the end of the day. (id:39198)
The listing brokerage and/or agent is Pemberton Holmes Ltd. (Dun)
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.
$2,150 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$400,000
Total Interest Payments
$246,625
Total Payment (Principal + Interest)
$646,625
$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.