$1,050,000
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0.62 Acres Lot
SOLD DATE : 04/01/2021
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 864033
Sold Date 04/01/21
Rental Info Unrestricted
Annual Tax Amount $2,784
Tax Year 2020
Lot Size 0.620 Acres
Acres 0.62
Property Description
Investment opportunity with potential for multi-family redevelopment and income. This well-kept rancher is on a uniquely private 0.62-acre corner lot close to all the best Sidney & North Saanich offer. Inside features updated kitchen, open concept dining/living, indoor outdoor flow, wood burning stove, and a large, bright laundry room. The outdoor landscape offers many zen spaces, firepit, patios, private deck with hot tub and outdoor shower. The 300sqft detached workshop with 100amp panel provides further space for storage, hobbies or would be an ideal home gym. With a community plan designation of Multi-Family Affordable Residential, this is a unique opportunity to hold with income, and plan your future redevelopment. Panorama Rec Centre, downtown Sidney, beaches, Dean Park, the Airport and Roost Winery are nearby. Note: Seller and tenant occupied. $2100k revenue plus the seller may consider renting back for 6 months or more at market rent. Also listed under Residential MLS 863995
Location
Province BC
County Capital Regional District
Area Ns Bazan Bay
Zoning R2
Interior
Heating Baseboard, Electric
Flooring Mixed
Equipment Satellite Dish/Receiver, Other Improvements
Exterior
Exterior Feature Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden, Lighting, Low Maintenance Yard, Sign: Allowed, Wheelchair Access, See Remarks
Parking On Site 1
Utilities Available Cable Available, Cable To Lot, Compost, Electricity Available, Electricity To Lot, Garbage, Phone Available, Phone To Lot, Recycling
Total Parking Spaces 6
Building
Lot Description Central Location, Corner, Easy Access, Landscaped, Level, Marina Nearby, Park Setting, Pie Shaped Lot, Private, Recreation Nearby, Rural Setting, Serviced, Shopping Nearby, See Remarks
Foundation Poured Concrete, Slab
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood
Others
Restrictions Other
Tax ID 001-441-850
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
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Bought with DFH Real Estate Ltd.