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2561 Forbes Street, Fernwood Victoria

Price

$758,000

Bedrooms2 Beds

Bathrooms2 Baths

Size1340 sqft

Year Built1941

Property TypeDetached Home

Property Taxes$4,184.07

Description

Prime Fernwood/Oaklands border! 5500 sqft level lot located on a quiet street just steps from Haultain village and easy access to schools, shops and transit (walk score of 85!). The property is nestled amongst mature trees, providing a tranquil setting. Flexible R1-B zoning in a popular location ripe to take advantage of the provincial SSMUH or 'Missing Middle' housing opportunities. Although priced for land value, there is a character home with a flexible in-law secondary suite in place which offers potential to create your own vision or a great holding property while you design your dream home or development project. An easy commute to UVIC and in a desirable school catchment: Oaklands, Landsdowne and Oak Bay High! This IS a great drive-by! A rare opportunity to get into this neighbourhood at an accessible price point. (id:39198)

Listed By

The listing brokerage and/or agent is Macdonald Realty Victoria

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

$3,072 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$606,400

Total Interest Payments

$373,883

Total Payment (Principal + Interest)

$980,283

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