Price
$1,000,000
Bedrooms2 Beds
BathroomsNot listed
Size1457 sqft
Year Built1961
Property TypeDetached Home
Property Taxes$3,419.14
This rancher/one-level home sits on a generous 11,300 square foot level lot in the direct path of development. Currently zoned R2, the property already qualifies for the new SSMUH housing initiative, offering an incredible opportunity for developers, investors, or those looking to simplify with long-term upside. Whether you're planning to renovate, redevelop, or relax, this property checks all the boxes. The sewer is available at the lot line and ready for hookup, making future building or adding a suite much easier. With zoning that supports gentle densification and a location surrounded by growth, this property offers the rare combo of immediate livability and strategic future potential. Whether you're a savvy downsizer or a developer eyeing the next hot pocket of opportunity, this one’s worth a closer look. Buyer to Verify Zoning & Development Options (id:39198)
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.
$3,878 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$800,000
Total Interest Payments
$493,249
Total Payment (Principal + Interest)
$1,293,249
$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.