Price
$2,500,000
Bedrooms4 Beds
Bathrooms3 Baths
Size3703 sqft
Year Built1943
Property TypeDetached Home
Property Taxes$9,187.83
A rare opportunity for one of the last remaining undeveloped gems in South Oak Bay. The 10,268 square foot RM-3 Zoned corner lot is designated Multi-Unit Residential in the municipality’s OCP and is adjacent to other high-density developments. The full side by side legal non-conforming duplex is in great condition, tenanted, and provides substantial holding revenue as you plan your project. Recent upgrades include appliances, flooring, painting, lighting, millwork, counters and plumbing. Other features include coved ceilings, French doors, updated electrical panels, detached two car garage with additional parking available in the driveway and detached panabode studio. Just one block to the ocean, beaches, Oak Bay Marina, Windsor Park and just a short stroll to Oak Bay Avenue and Victoria Golf Club. (id:39198)
The listing brokerage and/or agent is Pemberton Holmes Ltd.
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.
$9,747 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,000,000
Total Interest Payments
$1,233,122
Total Payment (Principal + Interest)
$3,233,122
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
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.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.