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  5. Yellow Point

4759 Yellow Point Road, Ladysmith Ladysmith

Price

$1,489,900

Bedrooms4 Beds

Bathrooms4 Baths

Size4710 sqft

Year Built1991

Property TypeDetached Home

Property Taxes$3,737

Description

Have you been searching for the perfect home in the serene and sought-after Cedar area complete with a massive shop? This just might be the answer to your prayers. Situated on 1.41 acres of flat, usable land, this well-maintained 1,700 sq. ft. rancher-style home offers 3 bedrooms and 2 bathrooms, along with spacious living, dining, and kitchen areas. Step out onto the glorious back deck with sunken hot tub. The property also boasts a detached garage and an impressive oversized, MASSIVE shop, ideal for hobbyists, entrepreneurs, or anyone who needs a serious Workshop. The shop includes 1-bedroom suite, an office, bathroom, and its own laundry, covered parking for your boat, trailer, or RV, plenty of storage and work space, previously operated as a mechanical shop, the equipment including lifts, compressors, tools, and more are negotiable, making this a turnkey opportunity for the right buyer. Whether you're looking for a peaceful retreat, a work-from-home solution, this could be it. (id:39198)

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Listed By

The listing brokerage and/or agent is eXp Realty (NA)

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

$5,664 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,191,920

Total Interest Payments

$734,892

Total Payment (Principal + Interest)

$1,926,812


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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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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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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