547 East Burnside Rd, Victoria, BC V8T 2X7

$1,350,000
8
BD
5
BA
4,546
SqFt
List Price
$1,350,000
Status
CURRENT
MLS® #
428152
Property Type
Multifamily
Year Built
1947
Title
Freehold
Style
Colonial
Bedrooms
8
Total baths
5
Living Area
4,546
Acres
0.13
Lot Size
5,500
District
Victoria
Neighbourhood
Vi Burnside

Property Description

Investor Alert! Excellent Revenue Property with gross rents ~$6300/month. This well looked after, updated, non conforming character home consists of 4 suites and a garage. There's also excess room on the lower level (another unit?). Parking is normally a real issue with these types of properties - but not so here - rear lane access provides easy off street parking for 5 cars! This property is pergect for an investor looking for a turnkey property to take advantage of low interest rates, or for someone who is handy and can increase gross revenue through improvements. Many recent updates to the home include tankless hot water, flooring, and more. Gross annual income of ~$75,600 and room for growth! Investment properties like this do not come along often, so act fast before it's gone.

Additional Information

Layout
Main Level Entry with Upper Level(s)
Lot Features
Cleared
Heating
Baseboard
Roof
Asphalt Shingle
Parking Type
Driveway, Garage Single
Room Description
Balcony, Bathroom, Bedroom, Den, Dining, Entrance, Garage, Kitchen, Living, Living-Addl., Mast Bdrm, Office
Kitchens
4
Laundry Feature
Shared
Taxes
$4,717
Rentals Allowed
Unrestricted
Pets Allowed
Aquariums, Birds, Caged Mammals, Cats, Dogs
Elementary School
61 Tillicum
Middle School
61 Colquitz
High School
61 Spectrum Comm.

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Royal LePage Coast Capital - Oak Bay Royal LePage Coast Capital - Oak Bay

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