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3950 Cherrilee Crescent, Cadboro Bay Saanich

Price

$1,199,900

Bedrooms2 Beds

Bathrooms2 Baths

Size2470 sqft

Year Built1971

Property TypeDetached Home

Property Taxes$6,922.35

Description

Located in one of Cadboro Bay’s most desirable areas and just steps from the beach this large fixer upper offering over 2,400 sq. ft. of living space on a large .24 acre lot. Enjoy spacious layout featuring living room with fireplace, separate dining area, kitchen area, walkout to your deck overlooking your huge yard. There is a full basement ideal for additional living space and more. Enjoy the peaceful surroundings of this sought-after neighbourhood, just a short stroll to the world-renowned Gyro Park, oceanfront beaches, and local playgrounds. The property offers southwest exposure and even some peek-a-boo ocean views from the upper levels. While the home does require some TLC, the location speaks for itself—just minutes from UVic, Cadboro Bay Village, hiking trails, and Frank Hobbs Elementary. Assessed at $1,529,000, this is an incredible opportunity to live in one of Greater Victoria’s most prestigious areas at this price point, Lots of development potential if desired call today! What a difference a Day makes! (id:39198)

Listed By

The listing brokerage and/or agent is Day Team 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

$4,888 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$959,920

Total Interest Payments

$591,850

Total Payment (Principal + Interest)

$1,551,770

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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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

Cowichan Valley

Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture

Westshore

Westshore

The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.

Victoria

Victoria

As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.

Oak Bay

Oak Bay

Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

Saanich

Saanich

The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

We can help you find your dream home