2639 Prior Street, Oaklands Victoria
Price
$899,000
Bedrooms2 Beds
Bathrooms1 Baths
Size2514 sqft
Year Built1912
Property TypeDetached Home
Property Taxes$5,254.19
Description
Situated in one of Victoria’s desirable urban pockets, 2639 Prior Street offers a rare opportunity to acquire a family home with excellent development upside. The property is currently zoned R2, supporting duplexes, and lies within the Official Community Plan (OCP) designation for Urban Residential, which supports low-rise multifamily development up to 4 or 6 storeys. The lot has more promising development upside compared to other options on the market due to the dual street frontage. With access from both Prior Street and Bakery Mews, two legal roads, it provides significant design flexibility for improved unit layouts, a dream template to work with. Just steps from Quadra Village, transit, and with an easy connection to downtown, this lot combines pro-development policy, proven zoning, and a livable location - it's a strong candidate for immediate development or generating income with the existing structure. (id:39198)
Listed By
The listing brokerage and/or agent is RE/MAX Camosun
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$3,668 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$719,200
Total Interest Payments
$443,431
Total Payment (Principal + Interest)
$1,162,631
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
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.