!!RENTALS ALLOWED!! 2 Bed + Den Strata Townhouse With 2 Parking Spots Near Downtown Victoria!! Available

  • $525,000
  • 2 beds
  • 2 baths
  • 1296 sqft

Just west of downtown Victoria in Esquimalt, this 2 bedroom + den, strata townhome is a lucrative opportunity for flippers or buy-and-hold Investors!! This property is part of a small, 4-unit strata that has no rental restrictions!! With only a coat of paint in the bathroom and kitchen, this property could be ready for the rental market or could shine on the MLS and fetch top dollar after only a few minor cosmetic upgrades!! The Victoria real estate market is on fire: sale prices for 2-bed townhomes are up 25% year over year. Don’t miss this opportunity to get into this fast growing market at a reasonable price!!

We are selling our assignable purchase contract.

Closing is February 14th, 2022
*As per our APS, the Seller is permitted to shorten the closing 1 time by up to 30 calendar days. If the Seller is to shorten the closing date, they must provide written notice at least 15 calendar days before the new closing date.*

**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 $66/day (excluding utilities, which shall be in the Seller’s name). $5940.00 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
Please note: The Seller has provided us with a floor plan of this property that includes an exact square footage breakdown for each floor. However, this square footage breakdown conflicts with the BC Assessment’s listed values in the square footage report for this property, and it also has combined the square footage for both the main and second floors as well. You can find the floor plan HERE, and the BC Assessment HERE.
  • 2-storey with basement
  • 2 bedrooms + den
    • Master bedroom features 2 closets, as well as doors that walk out to a 46 sq ft deck (Buyer to verify)
    • Office/den area is located on the second floor and has a window, though does not feature a closet
  • 2 bathrooms
    • 4-piece bathroom is located on the second floor
    • 2-piece bathroom is located on the main floor
  • Built in 1994 (as per BC Assessment)
  • Total interior square footage: 1296 sq ft (as per Seller-provided floor plan)
    • Main floor: 412 sq ft (as per Seller-provided floor plan)
    • Second floor: 517 sq ft (as per Seller provided floor plan)
  • Basement: 367 sq ft (as per Seller-provided floor plan)
    • Ceiling height: 7.5 ft (Buyer to verify)
    • Includes: rec room, a nook, and storage
  • Fridge, stove, dishwasher, washer & dryer are all included
    • The chandelier above the dining table as well as the lower bathroom mirror will be excluded (Seller will be replacing these fixtures, Buyer to verify)
  • There is a gas fireplace in the living room (Buyer to verify)
  • Kitchen features an arborite countertop that was replaced in 2019 (as per Seller)
  • 125 AMP breaker panel
  • Flooring: carpet, laminate, and tile
  • Property is heated with electric baseboard heaters (as per Seller)
  • HWT is owned, and was replaced in 2015 (as per Seller)
  • Built-in central VAC
  • Roof is an unknown age (as per Seller)
  • Windows are all an unknown age, however they appear to be vinyl and in good condition (Buyer to verify)
  • On municipal services
  • Backyard features:
    • Patio is covered, features decorative patio stones and has a gas hookup for a barbecue (430 sq ft, as per Seller)
  • Attached carport with parking for 1 car, as well as an additional parking spot located at the back of the complex (as per Seller)
  • Strata fee: $300/month (Buyer to verify)
    • Fees include: management, garbage, sewer and water
    • There are no rental or pet restrictions (as per Seller)
  • Esquimalt Building and Zoning Information (see HERE)
PROPERTY NEEDS
  • Cosmetic upgrades

 

Please click HERE for more pictures and information.

Price:
$525,000
Address:
Craigflower Rd & Carrie St
Esquimalt, BC
Square Feet:
1296
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse
Year Built:
1994

Call (647) 400-2093 for more details

Property Location