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.**