5 beds · 2 baths · 2358 sqft
4 PLEX DEVELOPMENT SITE! BUILD UP TO AN 8000+SQFT 4 UNIT BUILDING! Prime Investment Opportunity in West Saanich’s Marigold Area: This 8,600+ sq. ft. lot offers exceptional potential for development into a 4-unit building, with an estimated construction cost of $250-$300 per sq. ft.. The property currently features a charming 5-bedroom home with 1,200 sq. ft. of living space on the main level, including a wood-burning fireplace, separate dining and family rooms, and a kitchen upgraded with granite countertops. The main level opens to a large covered deck overlooking a private backyard, while the upper level boasts a bonus room with a spacious walk-out deck offering neighbourhood views. The lower level includes a 2-bedroom suite (Currently rented for $1750 plus utilities) with its own kitchen, living room, and dining area, plus ample storage and shared laundry facilities. The expansive backyard features sheds and ample space for gardening or other uses, with generous parking on a 66 ft. wide lot. Located on a private cul-de-sac in a quiet, sought-after neighbourhood close to schools and amenities, this property presents a valuable opportunity for investors or long-term home buyers. Immediate possession available for main 3 bedroom unit! (id:39198)
Building Type House
Year built 1951
Square Footage 2358 sqft
Stories
Bedrooms 5
Bathrooms 2
Parking 4
NeighbourhoodMarigold
Land size 8689 sqft
Heating type Forced air
Basement type
Parking Type Stall
Time on REALTOR.ca10 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: eXp Realty
Home price
$999,999
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$9,096 / month
Rent $8,044
Savings $1,052
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$8,017 / month
Rent $7,798
Savings $219
Initial deposit 5%
Savings target Fixed at 5%