This property is IDEAL for a BUDDING REAL ESTATE INVESTOR! Buy and move in KNOWING you can BUY UP and keep this to RENT OUT as your first INVESTMENT PROPERTY down the road! IT WILL CASHFLOW at MARKET RENT. RUN THE NUMBERS and COMPARE! This FREEHOLD condo is the same price as many LEASEHOLD or FRACTIONAL (1/4 share) suites. WHY is it SO INEXPENSIVE? Likely just because it has NO ELEVATOR. (Not a big deal for a 2nd floor suite with a half flight of steps up at the front of bldg). AGAIN, this suite is FULLY RENTABLE! Yes, PETS ARE ALLOWED. Very close to the JUAN DE FUCA REC CENTRE, Royal Roads University, SHOPPING, Esquimalt Lagoon, and more. EASILY one of the MOST AFFORDABLE rentable condos you will find ANYWHERE IN GREATER VICTORIA!
Listed by Royal LePage Coast Capital - Oak Bay, sold on August, 2017
Data was last updated September 25, 2023 at 06:05 AM (UTC)
Area Statistics
Listings on market:
169
Avg list price:
$1,039,900
Min list price:
$430,000
Max list price:
$4,190,000
Avg days on market:
48
Min days on market:
2
Max days on market:
459
Avg price per sq.ft.:
$551.63
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations.