Price
$1,500,000
Bedrooms5 Beds
Bathrooms2 Baths
Size3506 sqft
Year Built1910
Property TypeDetached Home
Property Taxes$6,343.15
Located in the heart of Oak Bay’s coveted Estevan neighbourhood,this versatile property offers a rare blend of immediate livability and future potential.Set on a 7,000+ sq.ft. R5 Zoned lot,the home features a well-appointed 3-bedroom main residence plus a bright and spacious 2-bedroom suite—ideal for multi-generational living,rental income, or holding coverage. With incredible development potential, this is a prime R5 Zoned investment or holding opportunity in one of Victoria’s most desirable neighbourhoods. Whether you envision building new townhomes under the new SSMUH initiative, expanding the current residence, or simply moving into a turn-key home in a world-class location, the options are endless. Location offers a walkable lifestyle just minutes from Willows Beach, Oak Bay Avenue, and top-ranked schools including Willows Elementary and Oak Bay High. This is a chance to own property in an area where demand consistently outpaces supply—secure your future in Estevan today. (id:39198)
The listing brokerage and/or agent is RE/MAX Camosun
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.
$5,918 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,200,000
Total Interest Payments
$739,874
Total Payment (Principal + Interest)
$1,939,874
$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.