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3022 Donald Street Unit 3020, Gorge Saanich

Price

$1,298,500

Bedrooms4 Beds

Bathrooms4 Baths

Size3179 sqft

Year Built1955

Property TypeDetached Home

Property Taxes$4,454.35

Unit Number3020

Description

Welcome to 3020/3022 Donald Street, perfectly situated in the highly desired Gorge neighborhood. This freehold duplex offers an exceptional investment opportunity with no strata fees. Live on one side, rent the other!  Each half of the duplex features a spacious 3 bedroom, 1 bathroom main suite spread across three levels, along with laundry that connects to a self-contained 1 bedroom basement suite. Renovations have been completed including White Tile in the bathrooms and Vinyl flooring throughout. With a total of 8 bedrooms and 4 bathrooms across the property, this is an ideal setup for investors, multi-generational families, or even first-time home buyers looking to offset costs with strong rental income. 8 parking stalls total and fully fenced backyard. The backyards are generous in size and ready for your landscaping vision, complete with existing garden sheds for additional storage. This location is rich with amenities. You’re only minutes from shopping including Tillicum Mall and Mayfair Mall, a quick 10-minute drive to Downtown Victoria, and just a 5-minute walk to the stunning Gorge Waterway. Bring your paddleboard and swimsuit—Curtis Point at the end of the street is known by locals as one of the best swimming spots during the spring and summer months! Tillicum Elementary is also an easy walk away. Don’t miss this outstanding investment opportunity where you can live comfortably in one suite while enjoying income from the others. Opportunities like this are rare, come see what makes this property so special! (id:39198)

Listed By

The listing brokerage and/or agent is Coldwell Banker Oceanside Real Estate

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

$5,036 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,038,800

Total Interest Payments

$640,484

Total Payment (Principal + Interest)

$1,679,284

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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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

Cowichan Valley

Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture

Westshore

Westshore

The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.

Victoria

Victoria

As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.

Oak Bay

Oak Bay

Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

Saanich

Saanich

The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

We can help you find your dream home