





2229 Arbutus Road, Arbutus Saanich
Price
$2,375,000
Bedrooms4 Beds
Bathrooms5 Baths
Size4143 sqft
Year Built1955
Property TypeDetached Home
Property Taxes$8,691.43
Description
A wonderful home plus revenue! Offering ocean views and a forested back yard, this multi-residence property is just moments from UVic, Arbutus Cove Park and other attractions. Set on a 23,663 sq ft (.543 acre) lot, this total 3,505 sf, 6 bd plus flex room, 4.5 ba, 3-kitchen residence includes three dwellings: a 1,648 sf 2-bd, 2 ba main residence, 1,187 sf 2 bd, 1.5 ba adjoining authorized garden house, and a 782 sf unauthorized 2b, 1 ba basement suite. Connecting passageways enable contiguous living space or use as separate quarters. Renovated main residence features new windows, cove ceilings, fireplace, hardwood floors, contemporary kitchen, updated roof and exterior finishings, and water views from LR and front deck. Mature garden includes flowering Magnolia and other trees. Parking for 8 vehicles. Detached 2-car garage and other areas provide ample storage. Set amid two large properties with older homes, 2229 Arbutus offers significant future assembly / redevelopment potential. (id:39198)
Listed By
The listing brokerage and/or agent is Engel & Volkers Vancouver Island
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Property Dimensions
The Property Location
Mortgage Calculator
Total Monthly Payment
$9,257 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,900,000
Total Interest Payments
$1,171,466
Total Payment (Principal + Interest)
$3,071,466
Cashflow Calculator
Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive

Comber Friesen Group
Realtors
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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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.
