Investor Alert! Excellent Revenue Property with gross rents $6400+month, with potential for being a Character Conversion project. This well looked after, updated, non conforming 4-unit home provides great revenue in todays marketplace. There's also an owner-used garage which could be rented out. Parking is normally a real issue with these types of properties - but not so here - rear lane access provides easy off street parking for 5 cars! This property is perfect for an investor looking for a turnkey property to take advantage of low interest rates. Many recent updates to the home include tankless hot water, flooring, and more. Gross annual income of over $77,000 and room for growth! Investment properties like this do not come along often, so act fast before it's gone.
| Address |
547 E Burnside Rd |
| List Price |
$1,169,000 |
| Sold Date |
27/11/2020 |
| Property Type |
Residential |
| Type of Dwelling |
Single Family Detached |
| Area |
Victoria |
| Sub-Area |
Vi Burnside |
| Bedrooms |
8 |
| Bathrooms |
4 |
| Floor Area |
4,546 Sq. Ft. |
| Lot Size |
5500 Sq. Ft. |
| Year Built |
1947 |
| MLS® Number |
854620 |
| Listing Brokerage |
Royal LePage Coast Capital - Oak Bay
|
| Basement Area |
Finished |
| Postal Code |
V8T 2X7 |
| Tax Amount |
$5,937.00 |
| Tax Year |
2020 |
| Features |
Baseboard, Electric |
| Amenities |
Cleared, Rectangular Lot |
