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 Residence
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
