2345 Howard Road, Fernwood Victoria
Price
$1,200,000
BedroomsNot listed
BathroomsNot listed
Size1945 sqft
Year BuiltNot listed
Property TypeDetached Home
Property Taxes$4,505.3
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Description
DEVELOPMENT OPPORTUNITY. Potential land assembly site in the city of Victoria. The property has been recently designated ''Small Urban Village'' Land Use in the updated Fernwood Neighbourhood Plan. The location is ideally situated in very close proximity to shopping, amenities, Royal Jubilee Hospital, Downtown Victoria, all levels of school and is on a major Bus Route. The site offers frontages on three sides, Bay St, Shelbourne St & Howard St. The location would be very highly sought after by people looking for multi-family housing. Significantly improved with a single-family home, creating excellent holding income. Buyers to verify development potential with the City of Victoria. No access to the home without an accepted offer. Contact your realtor for more information and an information package. (id:39198)
Listed By
The listing brokerage and/or agent is NAI Commercial (Victoria) Inc.
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
$4,687 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$960,000
Total Interest Payments
$591,899
Total Payment (Principal + Interest)
$1,551,899
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.