Price
$77,900
Bedrooms2 Beds
Bathrooms3 Baths
Size2204 sqft
Year Built2004
Property TypeCommercial
Property Taxes$1,174.96
Unit Number122/124C
INVESTOR ALERT!! Turnkey ¼ share ownership opportunity in the premier Fairways Hotel located at the prestigious Bear Mountain Resort. Within walking distance of restaurant, spa, pool, gym, tennis, hiking trails and two world class Jack Nicklaus designed golf courses, it’s a great getaway for year-round enjoyment in a beautiful natural setting. Earn a revenue stream without being a landlord and stay up to 13 weeks a year in this professionally managed complex. It’s a great home base for day trips to discover Vancouver Island and just 25 minutes drive to downtown Victoria and the Inner Harbour. This unit is one of the few with an absolutely massive patio deck; over 650 sq. ft. with a southwest exposure; great for special occasions with friends or family. This offering includes two suites; a one-bedroom king with full kitchen, two baths plus a separate self-contained two queen bed studio with kitchenette and full bath and an option to connect the suites. Generally, the floor plan layout of the majority of the suites are very much alike or mirror images; the exception being an end unit location (like this one) where there is a bank of windows on two walls allowing natural light to be invited into this space by simply drawing open the window coverings. Whether you want to purchase here as an investor and leave the unit in the rental pool year round or benefit from some mini holidays exploring Victoria and Vancouver Island (for up to 13 weeks per year), this investment can save you money and make you money at the same time. Note: due to prior booking arrangements, some photos shown are of a similar suite as all suites in the hotel are furnished similarly. As a result, the subject property may not be available in which case an alternate non-occupied suite will be shown, depending upon availability on the date of viewing. If viewing this exact unit is important, prior arrangements with the hotel will have to be made in advance. Contact your realtor to do so. (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.
$378 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$62,320
Total Interest Payments
$38,425
Total Payment (Principal + Interest)
$100,745
$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.