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1502-1508 Davie Street, Jubilee Victoria

Price

$2,050,000

Bedrooms8 Beds

Bathrooms4 Baths

Size3340 sqft

Year Built1953

Property TypeDetached Home

Property Taxes$6,158.27

Description

Well-maintained revenue property on a coveted corner lot on the Oak Bay & Victoria border! Welcome to 1502-1508 Davie Street, an exceptionally rare opportunity in one of Greater Victoria's most vibrant commercial districts. The property consists of four spacious and updated two-bedroom suites. All four units feature windows on three sides, offering ample natural light and efficient layouts. Zoned CR-3 (Commercial Residential Apartment District), this property permits a wide range of uses, including residential, office, retail, and restaurant. Peace of mind is provided by recent updates, including perimeter drainage, the roof, and electrical updates. Whether you envision a dynamic mixed-use development or a solid investment, this is your chance to secure a presence along one of Greater Victoria's most beloved corridors. (id:39198)

Listed By

The listing brokerage and/or agent is Engel & Volkers Vancouver Island

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

$7,878 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,640,000

Total Interest Payments

$1,011,160

Total Payment (Principal + Interest)

$2,651,160

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