516 Simcoe Street, James Bay Victoria
Price
$999,900
Bedrooms3 Beds
Bathrooms2 Baths
Size2282 sqft
Year Built1931
Property TypeDetached Home
Property Taxes$5,159.21
Description
Rare Opportunity: Two Character Homes in James Bay. This unique offering presents two charming character homes located in the heart of James Bay. These well-loved 1930s homes have been cherished by the same family for over 40 years. Situated steps to the highly desirable James Bay Village, they offer exceptional frontage and are zoned as R3-2 within the Multiple Dwelling District. 516 Simcoe Street features 3 bedrooms and 2 bathrooms, along with additional unfinished space on the lower level. The south-west facing lot spans 5098 sqft. 517 Toronto Street offers 2 bedrooms and 2 bathrooms, with additional space on the lower level. The lot size is 4146 sqft. Consider holding and renting these homes while exploring future redevelopment options. Buyers to verify all development plans, and the properties are being sold as-is, where-is. The combined offering of 516 Simcoe Street and 517 Toronto Street is priced at $1,999,800. Contact your Realtor today to book a showing. (id:39198)
Listed By
The listing brokerage and/or agent is Macdonald Realty Victoria
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
$4,022 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$799,920
Total Interest Payments
$493,200
Total Payment (Principal + Interest)
$1,293,120
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.
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Cowichan Valley
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