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Burnside Road, Burnside Victoria

Price

$3,995,000

BedroomsNot listed

BathroomsNot listed

SizeNot listed

Year BuiltNot listed

Property TypeDetached Home

Property Taxes$1

Description

Introducing a four parcel land Assembly and development opportunity consisting of 3 properties on Burnside Road East and 1 on Washington Ave which are all inclusive of a Family Estate. The City of Victoria is undergoing a major update to the Official Community Plan and it's associated development potential in much of the city, and is in much favor and support for higher density development in the Burnside area. The City council will be returning to move this motion forward in April for final direction to finalize the new draft of the OCP at the end of August. These updates are in part to comply with New Provincial mandates and legislation to create more housing in the Victoria area, and the timing could not be better for developers! Given the direction and timeline of the new OCP which helps make this development opportunity one to consider for newer higher density housing. Please call today for all information regarding this exciting and lucrative opportunity. (id:39198)

Listed By

The listing brokerage and/or agent is RE/MAX Camosun

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

$14,352 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$3,196,000

Total Interest Payments

$1,970,529

Total Payment (Principal + Interest)

$5,166,529

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