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2345 Howard Street, Fernwood Victoria

Price

$1,200,000

Bedrooms2 Beds

Bathrooms2 Baths

Size1945 sqft

Year Built1939

Property TypeDetached Home

Property Taxes$4,505.3

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Description

DEVELOPMENT OPPORTUNITY. Well cared for Single Family Home also offering Potential land assembly site in the city of Victoria. The property has been recently designated ''Small Urban Village'' Land Use in the updated Fernwood Neighbourhood Plan. The location is ideally situated in very close proximity to shopping, amenities, Royal Jubilee Hospital, Downtown Victoria, all levels of school and is on a major Bus Route. The site offers frontages on three sides, Bay St, Shelbourne St & Howard St. The location would be very highly sought after by people looking for multi-family housing. Significantly improved with a single-family home, creating excellent holding income. Buyers to verify development potential with the City of Victoria. No access to the home without an accepted offer. Contact your realtor for more information and an information package. (id:39198)

Listed By

The listing brokerage and/or agent is NAI Commercial (Victoria) Inc.

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

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Total Monthly Payment

$4,687 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$960,000

Total Interest Payments

$591,899

Total Payment (Principal + Interest)

$1,551,899

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Monthly Cash Flow

$300 / month

Monthly Expenses

-$1,700

Monthly Income

$2,000

Your monthly cash flow is positive

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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

Cowichan Valley

Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture

Westshore

Westshore

The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.

Victoria

Victoria

As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.

Oak Bay

Oak Bay

Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.

Saanich

Saanich

The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.

We can help you find your dream home