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355 Richmond Avenue, Fairfield East Victoria

Price

$1,999,900

Bedrooms6 Beds

Bathrooms5 Baths

Size4660 sqft

Year Built1913

Property TypeDetached Home

Property Taxes$9,614.88

Description

This impeccably maintained character home was originally built circa 1913 and converted into a legal fourplex in 1988. Situated on a 6,000 sq.ft. lot in the heart of Fairfield, just steps from Gonzales Bay, this property offers timeless charm and strong investment potential. The bright ground-floor unit features 1,300 sq.ft. with two bedrooms plus a den and its own entry. The main floor offers a spacious one-bedroom suite and a larger one-bedroom-plus-den unit. Upstairs is a light-filled two-bedroom suite with a private deck and laundry. Updates include perimeter drains, electrical, vinyl thermal windows, off-street parking for three cars, and over 500 sq.ft. of unfinished basement storage. This is a rare opportunity to own a turnkey revenue property in one of Victoria’s most desirable neighbourhoods. (id:39198)

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Listed By

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.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$7,986 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,599,920

Total Interest Payments

$986,449

Total Payment (Principal + Interest)

$2,586,369


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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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Comber Friesen Group

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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.

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Engel & Võlkers Vancouver Island

735 Humboldt St, Victoria, BC V8W 1B1

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions