3165 Balfour Avenue, Burnside Victoria
Price
$1,600,000
Bedrooms2 Beds
Bathrooms2 Baths
Size2258 sqft
Year Built1912
Property TypeDetached Home
Property Taxes$4,780
Description
Calling all investors and developers! Here's an exceptional opportunity aligned with the ''Missing Middle Initiative'' in Greater Victoria. Unlock the potential to rezone and construct townhouses or explore the option to subdivide and build multiple 4-6 plexus. For an even more extensive development venture, the adjacent property at 3175 Balfour is also available for purchase (MLS 951843). This promising venture features a level 10,800+ sq/ft rectangular lot on Balfour, strategically positioned just five doors in from Burnside Rd. Don't miss out on this prime development site, ideal for a two-lot subdivision or a multi-unit project when combined with 3175 Balfour Ave. (id:39198)
Listed By
The listing brokerage and/or agent is eXp 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
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Total Monthly Payment
$6,147 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,280,000
Total Interest Payments
$789,198
Total Payment (Principal + Interest)
$2,069,198
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.