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  5. Monterey

650 Monterey Avenue, South Oak Bay Oak Bay

Price

$2,899,000

Bedrooms3 Beds

Bathrooms5 Baths

Size3528 sqft

Year Built2024

Property TypeDetached Home

Property Taxes$6,425.82

Description

Nestled in the heart of South Oak Bay at 650 Monterey Avenue, this newly built modern home offers an unparalleled blend of style, space, and convenience. Situated on a generous 6,215 sqft lot, the home features 3,528 sqft of finished living space with a bright and open design that maximizes natural light through its many large windows. The location is second to none, just steps from top-rated schools, boutique shopping, grocery stores, and the vibrant Oak Bay Village, making it ideal for families and professionals alike. The main floor is designed for effortless living and entertaining, with a contemporary dining room, a sunlit living room, a private office, a convenient laundry room, a 2-piece powder room, and a double garage with a paved driveway. The centrepiece of the home is the modern kitchen, outfitted with sleek marble countertops, a spacious walk-in pantry, a built-in wine cellar, and a large island perfect for gatherings. Upstairs, the luxurious primary suite offers a serene retreat with a walk-in closet and a spa-inspired 5-piece ensuite bathroom. Two additional bedrooms, one with its own walk-in closet, share a well-appointed 4-piece bathroom, ensuring comfort and privacy for all. The lower level adds incredible versatility, featuring a spacious family room, two additional bedrooms, two 4-piece bathrooms, a dedicated media room, and practical under-stairs storage. Outside, the private, fully fenced backyard and patio provide a perfect space for relaxing or entertaining, while the manicured front lawn enhances the home’s curb appeal. Combining modern elegance, thoughtful design, and a prime location, this home is a rare opportunity to enjoy the best of South Oak Bay living. (id:39198)

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Listed By

The listing brokerage and/or agent is The Agency

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

$10,950 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$2,319,200

Total Interest Payments

$1,429,928

Total Payment (Principal + Interest)

$3,749,128


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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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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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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