$795,000

For saleJust listed

1533 Oakland Avenue, Victoria - Single Family for Sale

1533 Oakland Avenue, Victoria, British Columbia, V8T2L1

2 beds1 bath2 parking794 ft²5,760 sq ft (0.13 ac) lot sizeListed 5 days ago

Overview

This 2-bedroom, 1-bathroom home in Victoria is for sale offering roughly 794 sq ft of space. It has been on the market 5 days, fresher than the Victoria average of 70 days.

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Description

Prime Development Opportunity – Offered at Land Value! Ideally situated in a desirable neighbourhood, this approximately 5,800 sq. ft. flat, level lot presents an excellent opportunity for builders, developers, and investors. Surrounded by newer homes and conveniently located near UVIC, Camosun College, Hillside Mall, and major amenities. This is an opportunity to secure a property with significant redevelopment potential. Plans and permits for a duplex are in place. A demolition permit has been applied for, potentially helping streamline the development process. The existing dwelling is considered a teardown, making this an ideal opportunity to focus on the land and its future possibilities. Currently tenanted at $2,200/month, the property provides rental income while you plan your next steps. A rare opportunity to build in a prime location. Sold AS IS, WHERE IS. Buyers are to verify all permits, plans, measurements, development potential, and requirements to their own satisfaction. (id:66096)

Property Details

MLS®: 1053132
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Bathrooms: 1
Parking: 2
Interior Size: 794 ft²
Lot Size: 5,760 sq ft (0.13 ac)
Year Built: 1946
Heating: Electric
Cooling: None
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,541/yr
Listed: 5 days ago

Rooms

Main level

Storage: 10'8 x 7'11
Laundry room: 4'11 x 7'11
Kitchen: 12'8 x 8'10
Bathroom: 8'0 x 5'9
Bedroom: 11'4 x 10'0
Bedroom: 10'2 x 9'3

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Lot Features: Curb & gutter

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Victoria listings, avg age

70d

Price / ft²

$1,001

List price

$795K

Haho

This 2-bed single family in Victoria has been listed for 5 days, which is 65 days fresher than the city average of 70. Act while there is still low competition.

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Listed by Royal LePage Coast Capital - Chatterton · Sarabdeep Sethi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$795,000· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment6.86% · $54,500

Min 6.86%50%

Mortgage payment$4,105/mo

↳ CMHC premium ($29,620 capitalized)

Property tax (est.)$378/mo

Total monthly$4,484

Cash Needed to Close

Down payment (6.86%)$54,500

Land transfer tax$13,900

Est. closing costs$4,885

Total cash needed$73,285

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