647 Michigan Street Unit 802, The Orchard Victoria
Price
$249,000
Bedrooms1 Beds
Bathrooms1 Baths
Size683 sqft
Year Built1974
Property TypeDetached Home
Property Taxes$220,195.85
Unit Number802
Description
Experience comfortable and affordable living in this updated, furnished suite, located in the heart of James Bay at Orchard House. Enjoy ocean glimpses, views of the inner harbour, and iconic landmarks like the Parliament Building. This leasehold property offers an affordable lifestyle within a well-managed, steel-and-concrete building that emphasizes pride of ownership. Amenities include secure underground parking, a large storage locker, bike storage, a community workshop, common laundry, a sauna, hot tub, and a heated outdoor pool. The prime location places you within walking distance to the city centre, Beacon Hill Park, Dallas Road, Cook St. Village, and Ogden Point, with convenient access to all major bus routes. Monthly fees cover heat, hot water, and property taxes, adding to the appeal for both investors and residents alike. Rentals allowed, with no age restrictions, this property presents a strong opportunity for those hopeful to get into the real estate market at an affordable price. Contact us for financing options! (id:39198)
Listed By
The listing brokerage and/or agent is The Agency
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
$
$
%
$
$
Total Monthly Payment
$19,245 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$199,200
Total Interest Payments
$122,819
Total Payment (Principal + Interest)
$322,019
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
Related Properties
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.