1436 Merritt Place, Mayfair Victoria
Price
$1,440,000
Bedrooms3 Beds
Bathrooms4 Baths
Size3501 sqft
Year Built1974
Property TypeDetached Home
Property Taxes$6,362.78
Description
Exceptional value! This 5-bedroom, 4-bath home offers the perfect blend of family comfort and versatile revenue potential. Tucked away in a quiet cul-de-sac, this 3000+ sqft residence sits among the treetops with stunning views of Cedar Hill Golf Course and beyond. Upstairs features a primary suite and two additional bedrooms, with a spectacular west-facing glass enclosed deck capturing evening sunlight. Large windows flood the flexible layout with natural light—a perfect canvas for your imagination.The lower level shines with a self-contained 1-2 bedroom suite, modern kitchen, stainless appliances, and cozy fireplace—easily commanding $2500/month rental income. This space works beautifully for multi-generational living or a home-based business. A Mediterranean microclimate nurtures fig, apple, cherry, pear and plum trees, as well as abundant herbs throughout the private yard with tiered patio. Updates include vinyl windows and electric forced air heating. The unobstructed sun exposure offers outstanding solar potential. Walk directly onto the golf course and 3.5km Chip Trail or take a 3-minute stroll to Cedar Hill Recreation Centre (gym, tennis, squash). Close to schools, Lansdowne campus, and Hillside Mall. (id:39198)
Listed By
The listing brokerage and/or agent is eXp Realty
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
$5,704 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,152,000
Total Interest Payments
$710,279
Total Payment (Principal + Interest)
$1,862,279
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
Comber Friesen Group
Realtors
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
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.