231 First Street, West Duncan Duncan
Price
$499,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeDetached Home
Property Taxes$4,134
Description
Prime development opportunity in the heart of downtown Duncan. This vacant parcel of land comes with building plans already drafted for a 6-unit townhouse development, thoughtfully designed to mirror the successful project next door. With much of the preliminary groundwork completed by the current owner, this site is well positioned for a smooth transition into construction. Offering the potential to create much-needed housing in Duncan’s vibrant downtown core, this property is ideal for developers seeking a manageable, small-scale project. The planned units could be retained as rentals or sold individually as strata homes, providing flexibility for your investment strategy. A detailed information package is available from your Realtor. (id:39198)
Listed By
The listing brokerage and/or agent is Royal LePage Coast Capital Realty
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
$
$
%
$
$
Total Monthly Payment
$2,138 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$399,200
Total Interest Payments
$246,132
Total Payment (Principal + Interest)
$645,332
Cashflow Calculator
$
$
$
$
$
$
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.