2524 Prior St., V8T 3X6

$1,075,500

Single Family Detached located in Victoria - Vi Hillside

3322 sqft, 5 Beds, 2 Baths
MLS #855908 Listed by Bruce McMillanSutton Group West Coast Realty
  • Listed On: September 16, 2020
  • Built in: 1947
  • Type: Residential
  • Cooling: Other,
  • Heating: Baseboard, Electric,
  • Appliances: Dishwasher, F/S/W/D,
  • Basement: Partially Finished, Walk-Out Access, With Windows,
  • Foundation Details: Concrete Perimeter,
  • Lot Size: 0.12 acres
  • Total Parking: 2
  • Parking Features: Carport Double, Other,
  • Features: Level, Private, Easy Access,
  • Zoning: R-2

Description

** INVESTMENT OPPORTUNITY** R-2 ** 3256 sq ft. with an upper 1628 sq.ft. 4 bdrm. suite, 1 bthrm. with large living room and kitchen, and a 568 sq ft. 1 bdrm, 1 bthrm. lower suite (currently rented at $1,056.) and a large impressive undeveloped, clean and ready to build area of 1,060 sq ft., 7'1" ceiling ht. at grade with separate access. Pad parking in front for 2 vehicles. Upper Suite is currently vacant. CONSERVATIVE EXAMPLE ONLY: Potential rent in upper suite of $2,700.00 at $675. per adult for 4 sharing, creating a Cap rate of 3.7 based on $40,564 .N.O.I. without developing the extra 1,060 sq.ft.!! UPSIDE POTENTIAL $$. Well maintained over many years by one owner. Quiet street close to shopping, bus, schools and downtown. Easy to show . Just Touchbase and go, but please view occupied lower back suite on second showing with 24 hrs notice. Floor plan available this Friday.

Location

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