4955 Cordova Bay Road, Cordova Bay Saanich
Price
$2,000,000
Bedrooms3 Beds
Bathrooms3 Baths
Size5208 sqft
Year Built1950
Property TypeDetached Home
Property Taxes$9,822.56
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Description
Imagine a life where the Pacific Ocean is your backyard. This unique Cordova Bay property is an ideal retreat, featuring three self-contained two-bedroom suites set on a secluded stretch of beach offering easy access to the water. Along with a new roof installed in 2023, each suite has its own distinct flair. Top-level suite, The Eagle, offers commanding, eagles-nest views of the coastline. Mid-level suite, The Snug, is full of character, with charming exposed beams, a spacious living room, bonus loft & huge private deck. Finally, Crashing Waves is the ground-floor suite where you can wake up to the sounds of the surf and step onto the beach in moments. All three units provide panoramic vistas of Mount Baker. This property presents incredible flexibility. You could live in one suite and rent out the other two on Airbnb for a significant income stream or lease all three. A great option for a multi-generational family or even multiple families looking for a piece of paradise together (id:39198)
Listed By
The listing brokerage and/or agent is Rennie & Associates 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
$8,004 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,600,000
Total Interest Payments
$986,498
Total Payment (Principal + Interest)
$2,586,498
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
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Comber Friesen Group
Realtors
Related Properties
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
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.