LOT 1 Frayne Road, Mill Bay Mill Bay
Price
$725,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeDetached Home
Property Taxes$2,092
Description
Don’t miss the rare opportunity of endless possibilities that this 1.5-acre prime frontage parcel located in the flourishing seaside community of Mill Bay has to offer. Just steps from shops, restaurants, bank, groceries, marina, ferry access, and Brentwood College, this property is perfectly positioned for both residential and commercial potential. Currently zoned R3 residential, its exceptional frontage on three roads—including the Trans Canada Highway—makes it a prime candidate for investigating rezoning (buyer to verify with CVRD), whether for a larger development or a commercial venture. Enjoy partial ocean views, a drilled well already in place, and the convenience of being within walking distance to the beach—all just a short 30-minute commute to Victoria. Explore the potential today! Purchase price is plus GST. (id:39198)
Listed By
The listing brokerage and/or agent is Coldwell Banker Oceanside Real Estate
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
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Total Monthly Payment
$2,779 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$580,000
Total Interest Payments
$357,606
Total Payment (Principal + Interest)
$937,606
Cashflow Calculator
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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.