675 Powell Street, East Duncan Duncan
Price
$500,000
Bedrooms3 Beds
Bathrooms1 Baths
Size1100 sqft
Year Built1930
Property TypeDetached Home
Property Taxes$4,239.29
Description
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)
Listed By
The listing brokerage and/or agent is Pemberton Holmes Ltd. (Dun)
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$2,150 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$400,000
Total Interest Payments
$246,625
Total Payment (Principal + Interest)
$646,625
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
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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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