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  5. Mary

215 Mary Street, Victoria West Victoria

Price

$899,000

Bedrooms2 Beds

Bathrooms2 Baths

Size1670 sqft

Year Built1987

Property TypeCondo/Townhouse

Property Taxes$5,481.81

Maintenance FeesNot listed

Description

Located next to Spinnakers Pub on the scenic Songhees Walkway, this strata duplex has served as a guest house and is now ready for new opportunities. Both the upper and lower units are available, offering flexibility under RJ-4 Mary (Transient Home) zoning. The upper suite is a spacious one-bedroom with vaulted ceilings, skylights, and ocean views. A second bed-sitting room with bath and coffee bar may be used as a rental, subject to city bylaws. The owner must occupy one of the suites but may rent out additional rooms with bathrooms short-term. Each unit includes driveway parking and two hot water tanks. The roof was replaced in 2017. No strata council is in place, as both units are currently owned by one party. This property offers versatility in a prime waterfront location just a 15-minute walk to the Inner Harbour and Empress Hotel. A rare chance to invest or live in a vibrant, amenity-rich neighbourhood. (id:39198)

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Listed By

The listing brokerage and/or agent is Macdonald Realty Victoria

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

$3,687 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$719,200

Total Interest Payments

$443,431

Total Payment (Principal + Interest)

$1,162,631


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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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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.

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