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3115 Somerset Street, Mayfair Victoria

Price

$979,000

Bedrooms2 Beds

Bathrooms2 Baths

Size1606 sqft

Year Built1930

Property TypeDetached Home

Property Taxes$4,994

Description

OPEN HOUSE SAT JAN 17TH 1-3PM! OPEN HOUSE SAT JAN 17TH 1-3PM! Check out this lovely arts-and-crafts–style character home with modern updates, located in sought-after central Mayfair, steps from Summit Park & close to schools, shops & amenities. Fully renovated & offering excellent flexibility, this property is ideal for 1st-time buyers, single professional or small family with mortgage helper or for investors, featuring 2 fully self-contained 2-bedroom suites, currently tenanted. The upper level showcases wood floors & ceramic tiling, a striking stone wood-burning fireplace, a portable window air conditioning unit in primary bedroom, a spacious kitchen with stainless steel appliances, and access to a beautiful rear deck - the perfect spot for morning coffee or relaxed summer dinners. Charming character details include a stained-glass living room window, crown molding, and a discreet built-in ironing board cupboard. The lower level offers two additional bedrooms, 8-foot ceilings, and a full kitchen. Each level has its own washer and dryer. and the home is professionally painted throughout. Set back from the street for added privacy, the home features a large fully fenced, east-facing backyard with a completely updated outdoor workshop. Bonus- no homes directly behind the home, with gated access to Blackwood Street, and extra off-street parking at the rear. An exceptional opportunity to own a beautifully updated character home with built-in income potential. (id:39198)

Listed By

The listing brokerage and/or agent is Royal LePage Coast Capital - Oak Bay

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

$3,934 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$783,200

Total Interest Payments

$482,891

Total Payment (Principal + Interest)

$1,266,091

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