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877 Island Road, South Oak Bay Oak Bay

Price

$1,550,000

Bedrooms2 Beds

Bathrooms2 Baths

Size2287 sqft

Year Built1950

Property TypeDetached Home

Property Taxes$6,347.79

Description

Nestled in Prestigious South Oak Bay Discover this charming 1950s bungalow perfectly positioned at the intersection of Island Road and Hazel Street in one of Victoria's most coveted neighborhoods. This delightful home offers five bedrooms and two bathrooms with a spacious, thoughtfully designed layout on a generous west-facing corner lot. The sun-drenched main floor showcases oversized windows with retractable awnings, creating bright, airy living spaces throughout. The inviting living room features an ambient gas fireplace and flows seamlessly into the dining area—ideal for both daily living and entertaining guests. The bright, white eat-in kitchen provides convenient access to the outdoors through both an exterior elevator entrance for wheelchair access and separate staircase leading to the beautifully matured, fully fenced backyard. Additional features include a converted single attached garage now serving as a versatile workshop, offering flexible possibilities for new owners. The efficient gas furnace and heat pump system ensures year-round comfort while keeping utility costs manageable. Exceptional Location & Lifestyle This prime location puts you within walking distance of Windsor Park, the scenic Oak Bay Marina, and Anderson Hill with its stunning views overlooking Trial Island. All school levels and the community recreation center are conveniently nearby. The neighborhood offers an excellent selection of dining and cafe options within easy strolling distance. Enjoy morning coffee at local favorites, casual lunch spots, and diverse dining establishments that make South Oak Bay a food lover's destination. Corner stores and specialty shops add to the area's charm and convenience. Experience the perfect blend of character, comfort, and lifestyle in this exceptional South Oak Bay location. (id:39198)

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Listed By

The listing brokerage and/or agent is Coldwell Banker Oceanside Real Estate

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

$6,098 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,240,000

Total Interest Payments

$764,536

Total Payment (Principal + Interest)

$2,004,536


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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.

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Engel & Võlkers Vancouver Island

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions