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  5. Coal Point

273 Coal Point Lane, Deep Cove North Saanich

Price

$4,950,000

Bedrooms3 Beds

Bathrooms2 Baths

Size2959 sqft

Year Built1965

Property TypeDetached Home

Property TaxesNot listed

Description

This is a once-in-a-lifetime opportunity to own one of the most unique southwestern points on the Saanich Inlet. Spectacular vistas with 360-degree views, offering year-round sunsets. Approximately 1000 feet of ocean frontage and a private island connected by a footbridge, this location is undeniably the best in Deep Cove and on the Saanich Peninsula. The property, rich in history, has been in the same family for over 65 years. Both the home and guest cottage are situated at the water's edge, providing an unparalleled connection to the ocean, a perfect nature lovers paradise. Visitors frequently remark that this is the most amazing property they have seen in the region. Its exclusive location makes this property stand out, with a private island this adds an element of adventure and exclusivity, making this property truly unique. This property offers a lifestyle that few can imagine, it is not just a home; it is a retreat, a sanctuary, and an opportunity to connect with nature in the most stunning setting possible. The opportunity to own such a remarkable piece of real estate is rare! Whether you are looking for a private retreat, a family legacy, or an investment in one of the most beautiful areas of the world, this property is unparalleled. Come and experience the magic of this exceptional property and discover why it is considered the crown jewel of the Saanich Peninsula. (id:39198)

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Listed By

The listing brokerage and/or agent is Newport Realty Ltd.

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

$17,783 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$3,960,000

Total Interest Payments

$2,441,582

Total Payment (Principal + Interest)

$6,401,582


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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

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Listed By: Engel & Volkers Vancouver Island


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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