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Angie Hill Real Estate

5 Bed Single Family Detached in Victoria

$1,075,500

2524 Prior St
MLS® NO: 855908

Description

** INVESTMENT OPPORTUNITY** R-2 ** 3256 sq ft. with an upper 1628 sq.ft. 4 bdrm. suite, 1 bthrm. with large living room and kitchen, and a 568 sq ft. 1 bdrm, 1 bthrm. lower suite (currently rented at $1,056.) and a large impressive undeveloped, clean and ready to build area of 1,060 sq ft., 7'1" ceiling ht. at grade with separate access. Pad parking in front for 2 vehicles. Upper Suite is currently vacant. CONSERVATIVE EXAMPLE ONLY: Potential rent in upper suite of $2,700.00 at $675. per adult for 4 sharing, creating a Cap rate of 3.7 based on $40,564 .N.O.I. without developing the extra 1,060 sq.ft.!! UPSIDE POTENTIAL $$. Well maintained over many years by one owner. Quiet street close to shopping, bus, schools and downtown. Easy to show . Just Touchbase and go, but please view occupied lower back suite on second showing with 24 hrs notice. Floor plan available this Friday.

General

Property Type:Single Family Detached
Title of Ownership:Lot 24, Plan VIP891, Section 4, Victoria Land District
Taxes:$3,744
Tax Year:2019
Finished Sq. Ft.:2,196
Unfinished Sq. Ft.:1,060
Year Built:1947

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Interior Details

Bedroom(s): 5
Bathroom(s): 2
Basement Type: Partially Finished, Walk-Out Access, With Windows
Basement Description: 1
Appliances Included: Dishwasher, F/S/W/D

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle
Heat/Air: Baseboard, Electric

Site Influences

Lot SqFt: 5,200
Acres: 0.12
Water: Municipal
Waste: Sewer To Lot
Zoning: R-2
Parking: Carport Double, Other
Lot Features: Level, Private, Easy Access

Room Dimensions

Level 1 - 1,628 sqft

Level 2 - 0 sqft

Level 3 - 568 sqft

Property Details

Beds: 5
Baths: 2
Sq. Feet: 2,196
Year Built: 1947
Property Type: Single Family Detached
Municipality: Victoria

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This is only a guide. Please verify this information with your mortgage specialist.
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Listed with:

Bruce McMillan
Sutton Group West Coast Realty

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.