4-Bedroom ‘BC Box’ House With Basement Suite Available At A Major Discount in Victoria!! Assigned

  • $535,000
  • 4 beds
  • 3 baths
  • 1323 sqft
Assigned

The work from-home-trend has driven Victoria single-family home prices up 18.9% year-over-year, yet here is an opportunity to purchase a detached property at a whopping $165,000 below market value!! This 4-bedroom, 3-bathroom, ‘BC Box’ style home in Langford has recently received mechanical upgrades (200 AMP service, tankless water heater, furnace, heat pump/AC). The property also includes a non-registered basement suite, making for a fantastic buy-and-hold opportunity for Investors looking for a 2-unit rental at a great price!! You no longer have to be priced out of the hot Victoria market with deals like these!!

We are selling our assignable purchase contract.

Closing is September 13th, 2021
**As per our APS, the Seller will be permitted to live on the premises for no later than 90 calendar days after closing. The rate will be $2500/month (excluding utilities, which shall be in the Seller’s name) calculated at a pro-rated basis. $8500 will be held back by the Seller’s lawyer in trust as compensation for the Seller’s stay and damage deposit. Once the Seller has vacated the property and left it in reasonable condition, the remaining balance, if any, of the holdback shall be released to the Seller within 2 business days.**

PROPERTY FEATURES
  • ‘BC box’ style
  • 3+1 bedrooms (5 bedrooms, as per BC assessment)
    • 3 bedrooms are located on the main floor
    • 1 bedroom is located in the basement
  • 3 bathrooms
    • 3-piece master ensuite located on the main floor
    • 4-piece bathroom on the main floor
      • This bathroom also requires plumbing work, as it has a minor leak in to the basement laundry room (as per Seller)
    • 3-piece bathroom with a standalone shower located in the basement
  • Built in 1973
  • First floor: 1323 sq ft (as per BC assessment)
  • Basement: 939 sq ft (as per BC assessment)
    • The basement suite is not legal or registered. It was used for family members but never tenanted. A wall between the main floor and basement would need to be erected if tenanting the suite (as per Seller)
    • Ceiling height is ~8 ft tall (as per Seller)
    • 1 bedroom
    • 3-piece bathroom with standalone shower
    • Kitchen
    • Laundry room
    • Storage area
  • 2 fridges, 2 ovens, washer & dryer will all be included upon closing
  • There is a wood fireplace on each floor of the property, however the fireplaces have not been inspected or used in over 30 years (as per Seller)
  • 200 AMP breaker panel was updated in 2019 (as per Seller)
  • Gas furnace is owned, and was replaced in 2019 (as per Seller)
  • HWT was replaced with a Tankless Water Heater in 2019, and it is owned (as per Seller)
  • A heat pump/air conditioning unit was installed in 2019 (as per Seller)
  • Roof was replaced in 2008 (as per Seller)
  • All windows are original from 1973 (as per Seller)
  • On municipal services
    • The property was previously on a septic system, but that was removed and the property was connected to a municipal sewer in 2018/2019 (as per Seller)
  • Backyard features:
    • Fenced-in yard (fence was replaced between 2018-2020, as per Seller)
    • Unfinished deck located at the rear of the property, accessed from the main floor dining room
      • This deck is causing minor water leaks in the basement kitchen (as per Seller)
  • 1-car, carport
    • Seller has materials to enclose the carport and they can be left with the property, if desired by the Buyer
    • There is a small 5-6 ft wide storage area connected to the carport
  • Parking for 4 vehicles in the front of the property
  • Additional parking for an RV on the side of the property
  • Lot size: 7368 sq ft (as per BC Assessment)
  • Zoning: R2 (see HERE)
    • There are many permitted uses under this zoning by-law, which include but are not limited to: accessory buildings and structures, 2-family dwelling, home occupation, uses accessory to the principal use, as long as it meets all other requirements and regulations listed. (see HERE, pg. 119-122 or R2-1 to R2-4)
PROPERTY NEEDS
  • Cosmetic updating
  • The deck in the rear of the home requires completion
  • The fascia on the exterior of the home requires repair

 

Please click HERE for more pictures and information.

Price:
$535,000
Address:
Selwyn Rd & Atkins Ave
Langford, BC
Square Feet:
1323
Lot Size:
7368 sq ft
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1973

Call (647) 400-2093 for more details

Property Location