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REALTOR®, Victoria, BC

Residential Property in Victoria

$219,000

608 - 647 Michigan St
MLS® NO: 948566

Description

Welcome to James Bay! Come view this delightful spacious studio 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 a comparable studio suites in the building renting upwards of $1,700+/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.

General

Property Type:Condo Apartment
Title of Ownership:LOT A, PLAN VIP22534, VICTORIA LAND DISTRICT, OF 1761-1765/1803-1807
Layout:Condo
Number of Floors:23
Taxes:$220,196
Tax Year:2023
Finished Sq. Ft.:469
Unfinished Sq. Ft.:469
Year Built:1969

Display Full Description

Interior Details

Bathroom(s): 1

Building Details

Foundation: Poured Concrete
Roof: Asphalt Torch On, Tar/Gravel
Heat/Air: Hot Water

Site Influences

Acres: 0.01
Water: Municipal
Waste: Sewer To Lot
Parking: Underground

Strata Lot Information

Complex: Orchard House
Managed By: Westsea Constructions
Strata Fee: $466
Common Features: Caretaker, Garbage Removal, Heat, Hot Water, Maintenance Grounds, Recycling, Sewer and Taxes
Age Notes: Please refer to Lease documents.
Rental Restrictions: Unrestricted
Rental Notes: 6 Months Minimum. Please refer to Lease documents. No short-term rentals.
Pets Allowed: None
Pet Notes: Please refer to Lease documents.

Property Details

Beds: 0
Baths: 1
Sq. Feet: 469
Year Built: 1969
Property Type: Condo Apartment
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:

Cynthia Werbik
Pemberton Holmes Ltd. - Oak Bay

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.