1422 Fernwood Road, Downtown Victoria
Price
$1,089,000
Bedrooms5 Beds
Bathrooms3 Baths
Size3351 sqft
Year Built1907
Property TypeDetached Home
Property Taxes$5,015
Description
Award winning character revenue property located on the eastern slope of Downtown at the Fernwood neighbourhood border. This Queen Anne style home was carefully restored in 2003 under duplex zoning, and later modified into two 1-bedroom ground floor suites and a large 3-bedroom suite on the upper floor. Each suite is individually metered, there is a common laundry area on the main floor and a full basement for storage. If you're looking for an affordable place to call home, then why not occupy 1 suite and earn revenue from the other 2 suites? Walking distance to downtown, Fernwood Village and Oak Bay Avenue with transit service outside your door! Ample on-site parking (6 spaces) off Fernwood Road and Rudlin Street. Need more revenue, then rent out the basement storage area or surplus parking spaces. Competitively priced for todays' market. (id:39198)
Listed By
The listing brokerage and/or agent is Sutton Group West Coast Realty
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$4,330 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$871,200
Total Interest Payments
$537,148
Total Payment (Principal + Interest)
$1,408,348
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
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.