This 5 bed, 3 bath, 3 kitchen investment property could produce your retirement income! All 3 suites are tenanted & this home offers a 768 sqft 2 bdrm top floor suite ($1700), a 640 sqft 2 bdrm entry level suite ($1450) & a 550 sqft 1 bdrm garden suite ($1450). Combined rents currently gross $4600 monthly plus utilities. Purchase this home as an investment with a potential 3% CAP rate plus property appreciation. Or live in the garden suite, pay the same or less than rent and reduce your future capital gains. When your mortgage is paid off you will receive the monthly net revenue of the home for the rest of your life. Centrally located close to Camosun College, St. Michael's University School & Hillside Shopping Centre with easy transit to downtown, UVIC and University Centre. RECENT UPGRADES: Windows, gas furnace, wall furnace in cottage, vinyl plank, recent paint, perimeter drains, fencing, HW tanks, roof 2009. Sq ft lower BR included in finished sq footage (height 6’6”).
General Info:
Property Type:
Residential
Type:
Single Family Detached
Year built:
1945
(Age: 77)
Living Area:
1,875 sq. ft. 174.193 m2
Listing General Location:
SE Cedar Hill, Saanich East
Bedrooms:
5
Bathrooms:
3.0
(Full:-/Half:-)
Lot Size:
5,800.04 sq. ft. 538.841 m2
Lot Details:
55 ft wide x 106 ft deep
Kitchens:
3
Taxes:
$3,249 /
2021
Additional Info:
Building Features:
Basement, Transit Nearby
Construction:
Cement Fibre, Insulation: Ceiling, Insulation: Walls, Stucco
New Construction:
No
Basement:
Finished, Full, Not Full Height, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter, Slab
Electricity:
Yes
Roof:
Asphalt Shingle
Levels:
3
Other Structures:
Storage Shed
Floor finish:
Carpet, Hardwood, Laminate, Tile, Wood
Total Building Area:
1,981 sq. ft. 184.041 m2
Total Unfinished Area:
106 sq. ft. 9.848 m2
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
1
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
1
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
1
Living Area Lower Floor:
639 sq. ft. 59.365 m2
Living Area Main Floor:
768 sq. ft. 71.35 m2
Living Area Other Floor:
468 sq. ft. 43.479 m2
Fireplaces:
1
Fireplace Details:
Electric, Living Room
Laundry Features:
Common Area
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
Exists
Cooling:
None
Heating:
Forced Air, Natural Gas
Fireplace:
Yes
Warranty:
No
More Info Available:
Pending Date:
Feb 07, 2022
Date Sold:
Mar 28, 2022
Appliances Included:
F/S/W/D, Oven/Range Electric, Oven/Range Gas, Refrigerator
Interior Features:
Ceiling Fan(s), Dining Room, Eating Area
Exterior Features:
Balcony/Patio, Fenced, Low Maintenance Yard
Directions:
On Shelbourne St at McRae Ave.
Entry Location:
Main Level
Pets Allowed:
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Rent Allowed:
Unrestricted
Room Information:
Floor
Type
Size
Other
Main Floor
Dining Room
10' 3.05 m × 8' 2.44 m
Main Floor
Kitchen
9' 2.74 m × 8' 2.44 m
Main Floor
Bedroom
11' 3.35 m × 9' 2.74 m
Main Floor
Primary Bedroom
12' 3.66 m × 11' 3.35 m
Main Floor
Living Room
13' 3.96 m × 13' 3.96 m
Lower Level
Living Room
13' 3.96 m × 10' 3.05 m
Lower Level
Bedroom
11' 3.35 m × 9' 2.74 m
Lower Level
Bedroom
13' 3.96 m × 10' 3.05 m
Lower Level
Kitchen-Additional
11' 3.35 m × 11' 3.35 m
Lower Level
Utility Room
8' 2.44 m × 7' 2.13 m
Other
Kitchen-Additional
10' 3.05 m × 8' 2.44 m
Other
Laundry
10' 3.05 m × 6' 1.83 m
Other
Bedroom
10' 3.05 m × 9' 2.74 m
Other
Dining/Living Combo
13' 3.96 m × 10' 3.05 m
Bathrooms:
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Lower Level
No
4
4-Piece
Other
No
4
4-Piece
Financial Info:
Assessed:
782000.0
Assessment year:
2022
Association Fee:
$.00
Legal Info:
Jurisdiction name:
District of Saanich (SD61)
Legal Description:
Lot 2 Plan VIP23723 Section 35 Land District 57
Other Details:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
3
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Updated/Remodeled
Land Info:
Utilities:
Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Connected, Recycling
Exposure / Faces:
East
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Central Location, Cleared, Easy Access, Rectangular Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
2
Road Surface Type:
Paved
Residential Revenue Info:
Total Units:
0
Listing Info:
Date Listed:
Jan 28, 2022