$275,000
$279,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
647 Michigan St NW #701 Victoria, BC V8V 1S9
1 Bed
1 Bath
620 SqFt
Key Details
Sold Price $275,000
Property Type Condo
Sub Type Condo Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 620 sqft
Price per Sqft $443
MLS Listing ID 949825
Sold Date 03/15/24
Style Condo
Bedrooms 1
HOA Fees $622/mo
Rental Info Some Rentals
Year Built 1969
Tax Year 2023
Lot Size 435 Sqft
Acres 0.01
Property Sub-Type Condo Apartment
Property Description
Welcome to James Bay! Come view this spacious updated 1 bedroom corner-suite! Orchard House is a steel and concrete Leasehold building which allows unparalleled affordability in today's market. Fully rentable (excluding short-term rentals) with comparable suites in the building currently renting for upwards of $2300/month. Seize the chance for a lucrative investment with positive cash flow! It is a well managed building with an onsite manager. Amenities include: secure underground parking, large storage locker, community workshop, bike storage, large common laundry area, sauna, hot tub, and a heated outdoor pool! The location can't be beat, just walking distance from the city centre, Beacon Hill, Dallas Road, Cook St. Village, Ogden Point and all major bus routes. Walk score of 90! Monthly fees includes hot water, heat, and PROPERTY TAXES! A great investment opportunity, as there are no age restrictions, and rentals allowed! Book your showing today! Leasehold expired December 31, 2073.
Location
Province BC
County Capital Regional District
Area Vi James Bay
Direction Northwest
Rooms
Basement None
Main Level Bedrooms 1
Kitchen 1
Interior
Interior Features Closet Organizer, Dining Room
Heating Hot Water
Cooling None
Flooring Wood
Fireplaces Type Other
Appliance Range Hood, Refrigerator, See Remarks
Laundry Common Area
Exterior
Utilities Available Electricity To Lot, Garbage, Recycling
Amenities Available Elevator(s), Pool: Outdoor, Sauna, Secured Entry, Spa/Hot Tub, Storage Unit
View Y/N 1
View City, Mountain(s), Ocean
Roof Type Asphalt Torch On
Handicap Access Ground Level Main Floor, Wheelchair Friendly
Total Parking Spaces 1
Building
Building Description Brick,Concrete,Frame Metal, Condo
Faces Northwest
Story 22
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Brick,Concrete,Frame Metal
Others
HOA Fee Include Caretaker,Electricity,Garbage Removal,Heat,Hot Water,Insurance,Maintenance Grounds,Maintenance Structure,Property Management,Recycling,Sewer,Taxes,Water
Restrictions None
Tax ID 004-154-878
Ownership Leasehold
Pets Allowed None
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Bought with RE/MAX Camosun