





Price
$998,900
Bedrooms2 Beds
Bathrooms2 Baths
Size1574 sqft
Year Built1950
Property TypeDetached Home
Property Taxes$4,685
A great opportunity for your investment buyer or your buyer wanting a mortgage helper. At the Jubilee/Oak Bay/Fairfield border. The lower 1-bd suite now has a tenancy agreement for $1,350 a month and the tenant is leaving Jan 1st. Vacant home as of Jan 1st 2025! The home has been thoughtfully updated with 200 amp, heat pump, and recent renovations to the upper suite. The large west-facing fenced backyard is a huge bonus, and the location is ideal, on the Jubilee side of Oak Bay Ave. with lower taxes than Oak Bay. There are no legal notations, charges, liens, or bylaw contraventions on title - clean title! straightforward property that will make financing much easier for the right buyer. This could be a strong, low-stress investment for your buyer with excellent rental flexibility. Walk score 91, bike score 86! The location is near unbeatable—just steps to shops, transit, schools, Oak Bay Rec Centre, Royal Jubilee Hospital, and Oak Bay Village, plus an easy commute to downtown, Camosun College, and UVIC. Note: Currently upstairs suite also includes storage/Flex room on lower level. MOTIVATED SELLER! (id:39198)
The listing brokerage and/or agent is Royal LePage Coast Capital - Oak Bay
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.
$3,979 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$799,120
Total Interest Payments
$492,707
Total Payment (Principal + Interest)
$1,291,827
$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.