Price
$2,900,000
Bedrooms3 Beds
Bathrooms3 Baths
Size3017 sqft
Year Built1960
Property TypeDetached Home
Property Taxes$10,256.2
Here's your opportunity to renovate or build a new home on this long term owned 1.23 acre OCEANFRONT PROPERTY with its high elevation panoramic views over Cordova Bay to Sidney, Gulf & San Juan Islands, Vancouver Mtn range, Haro Strait & Cormorant Point below. With excellent local parks & hidden beaches this is a prime Gordon Head area near UVIC. The solid 1960's post & beam style home boasts an open plan with extensive windows, vaulted wood ceilings, 3 bedrooms and 3 bathrooms plus a large family room, lower part unfinished basement & crawl space, extensive oceanside patio & sundeck, attached carport. Come put your renovation ideas into action & turn this into a mid century modern classic! Located at the east end of Torquay Drive into what looks like a private driveway, 117 x 440 ft property. OPTIONS: add a suite & garden suite to existing house/add 3 attached units/new 4 Plex project/new SFD OR combine with 4590 Torquay-MLS 1003801 for a 2.3 acre estate or potential 3 lot development site. (id:39198)
The listing brokerage and/or agent is RE/MAX Camosun
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.
$11,273 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,320,000
Total Interest Payments
$1,430,422
Total Payment (Principal + Interest)
$3,750,422
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
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.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.