Price
$2,069,000
Bedrooms4 Beds
Bathrooms4 Baths
Size4081 sqft
Year Built1964
Property TypeDetached Home
Property Taxes$6,008.66
This private, sun-drenched home overlooks Cordova Bay and features stunning ocean views. It also features ample parking with a circular driveway and gated entry. The spacious 3-level home offers a versatile layout. The backyard features lush gardens with a stunning variety of plants and flowers, complemented by two sunlit rooms that allow you to fully enjoy the beauty of nature from the comfort of your home. The schools nearby are highly regarded, offering public and private options for families. Living at 4940 Cordova Bay Rd gives you a wealth of outdoor activities at your doorstep, from ocean beaches and hiking trails to golf courses and nature parks. Whether you’re into water sports, hiking, cycling, or simply enjoying the great outdoors, there’s no shortage of options to explore and enjoy the stunning natural surroundings of the Cordova Bay area. The house has been completely upgraded and renovated, featuring 6 bedrooms and 4 bathrooms. The main electrical service has been increased from 200 to 400 amps to meet the demands of modern living. Two new high-efficiency water tanks have been installed, providing reliable hot water throughout the home. The oil tank heating system has been replaced with an air conditioner and heat pump for improved energy efficiency and year-round comfort. Measurements and listing info are approximate, Buyer to verify if important. Luke Chen, MBA, P. Eng. (Non-practising), PMP, 778-677-9557 AgentLukeChen@Gmail.com (id:39198)
The listing brokerage and/or agent is Pemberton Holmes Ltd.
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.
$7,934 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,655,200
Total Interest Payments
$1,020,532
Total Payment (Principal + Interest)
$2,675,732
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
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.
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