148 Olive Street, Fairfield West Victoria
Price
$1,310,800
Bedrooms2 Beds
Bathrooms1 Baths
Size2410 sqft
Year Built1946
Property TypeDetached Home
Property Taxes$6,186
Description
RARE! PRIME FAIRFIELD Market! Great Family Home/Investment property! Current Tenants are on a Fixed Term Lease until July 31, 2025. Stable investment in vibrant community, minutes to Ocean (Dallas Road), Beacon Hill Park, Cook St. Village, Schools, Shopping & Downtown. Ideal Redevelopment potential with Planned City Of Victoria Blanket Rezoning Program to Expedite Permit Processing & Development. RENOVATIONS: KITCHEN & BATHROOM (Cabinets, Appliances, Counters, Sink, Lighting, Tub, Shower, Toilet & More);GAS FURNACE/DUCTING, 200 AMP, HOT WATER TANK, REFINISHED HARDWOOD, INTERIOR PAINT. Character 2 BD, on 6,000 sq.ft. lot, has spacious living room, dining room off bright, functional kitchen overlooking the west-facing spacious yard. Walk-out basement has laundry, family room or possible development (in-law suite or workshop)? NOTE: Garage, use as storage only - no separation to the house. Perennial gardens in front and back and fenced backyard. Don't miss an Excellent Opportunity to Invest in Prime Victoria with Existing Revenue! (id:39198)
Listed By
The listing brokerage and/or agent is Sutton Group West Coast 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
$5,225 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,048,640
Total Interest Payments
$646,551
Total Payment (Principal + Interest)
$1,695,191
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.