881 McKenzie Avenue, Swan Lake Saanich
Price
$999,999
Bedrooms3 Beds
Bathrooms1 Baths
Size2178 sqft
Year Built1956
Property TypeDetached Home
Property Taxes$4,502.72
Description
Huge 11,365 foot lot on prime development corridor. Although this well built, 1956 home, is in decent shape and could have more life left with a refresh, the real potential lies within the land. This 134 x 85 foot lot is on the transportation corridor of McKenzie. Earmarked for much higher density in the future by Saanich. The flat land is set down from the road, further reducing any excavation costs. A pretty straightforward start to something new. The next buyer has a number of options or could look to add additional pieces to create a bigger project. In the interim, the home could be rented with minimal updating. Reach out for additional information or to come have a look. (id:39198)
Listed By
The listing brokerage and/or agent is RE/MAX Island Properties
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
$3,968 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$800,000
Total Interest Payments
$493,249
Total Payment (Principal + Interest)
$1,293,248
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.