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  5. Lakefair

180 Lakefair Drive, Salt Spring Salt Spring

Price

$1,099,000

Bedrooms3 Beds

Bathrooms2 Baths

Size2175 sqft

Year Built2000

Property TypeDetached Home

Property Taxes$4,358

Description

PRIVATE ACREAGE 5.4 sun-soaked acres with warm south/west exposure and partial ocean view. This rancher residence offers a spacious atmosphere with soaring 10-ft ceilings, hardwood floors, and an open-concept design featuring ample windows to enjoy the stunning ocean views. Just a short walk to Saint Mary’s Lake, the quiet, private property is conveniently close to town and the ferry terminals. The cozy deck overlooking the water is perfect for relaxing or entertaining. Inside, find a comfortable one-bedroom plus den layout with quality finishes throughout. A detached cabin with a loft and its own deck and laundry, provides flexible space for guests, a mortgage helper, a home office, or creative pursuits. There is also a detached studio that can be used for creative pursuits and storage. Designed for comfortable year-round living with room to expand. (id:39198)

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Listed By

The listing brokerage and/or agent is eXp Realty (NA)

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

$4,312 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$879,200

Total Interest Payments

$542,081

Total Payment (Principal + Interest)

$1,421,281


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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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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