





Price
$1,550,000
Bedrooms4 Beds
Bathrooms3 Baths
Size2400 sqft
Year Built1907
Property TypeDetached Home
Property Taxes$5,693.26
Quintessential Fernwood home on a large corner lot! Conveniently located only minutes from the vibrant heart of the township which offers gourmet eats, coffee shops, and the Belfry Theatre. Walking distance to downtown, Victoria High School, and Central Middle School. A beautiful self-contained Carriage House was built in 2011 to provide a fantastic stream of revenue. The original 3 bedroom bungalow was lifted in 2011, adding a new full height 2 bedroom suite on the lower floor and an updated bathroom on the top. Separately metered Hot Water on Demand at the main house, a brand-new hot water tank at the Carriage, and Information meters on the electric subpanels allow for easy calculations. In-floor hydronic electric heating on the lower floor and the Carriage house. New roof in 2022! This property is ideal for the homeowner seeking mortgage assistance or a savvy investor looking to generate three sources of income from a single house in a highly coveted neighborhood. (id:39198)
The listing brokerage and/or agent is RE/MAX Camosun
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$6,043 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,240,000
Total Interest Payments
$764,536
Total Payment (Principal + Interest)
$2,004,536
$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.