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  5. Cherrilee

3971 Cherrilee Crescent, Cadboro Bay Saanich

Price

$1,949,900

Bedrooms3 Beds

Bathrooms4 Baths

Size4392 sqft

Year Built1963

Property TypeDetached Home

Property Taxes$7,245

Description

Welcome to this exquisite family home in the heart of Cadboro Bay. This residence has been impeccably cared for and thoughtfully updated over the years, offering a perfect blend of charm, functionality, and modern living. The former sunroom has been seamlessly opened up to enhance the flow and increase the main living area's square footage. A new deck and carport provide additional outdoor living space and vehicle protection. The immaculate backyard and garden are perfect for families and entertaining. Recent updates include a beautifully renovated kitchen, refreshed bathrooms, and a re-landscaped garden. The entire basement was also gutted and renovated. The lower level features a fully updated legal suite with 1 bedroom, 1 bathroom, and an office/flex space. You'll also find a summer kitchen, a family room, and an additional bedroom—ideal for guest accommodations, multi-generational living, or as a convenient prep space for garden parties. Just a block and a half from the water's edge and Cadboro Bay Village, this home is within walking distance of groceries, local coffee shops, a pub, spa, schools, UVic, parks, and multiple beach access points, offering the ultimate Cadboro Bay lifestyle. This is a true gem in a vibrant, family-friendly community. (id:39198)

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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

$7,609 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,559,920

Total Interest Payments

$961,786

Total Payment (Principal + Interest)

$2,521,706


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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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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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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