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907 647 Michigan St, Victoria

MLS® #1037330
About this Property

Few entry points into Victoria's real estate market offer more affordability and certainty than 647 Michigan, The Orchard House. A compelling price point and cost-controlled ownership with a reliable leasehold ownership extending to 2073 — delivering nearly five decades of secure tenure at a fraction of the freehold market. Leaseholds offer lower closing costs and more predictable carrying costs, appealing to both investors and discerning downsizers seeking simplicity without compromise. Secure UG Parking, Fresh Paint, Tub Surround, Tile Backsplash, Counters, Plugs & Switches round out this incredible offering. With steel & Concrete construction and steps from downtown Victoria's dining, transit, and waterfront, this opportunity demands attention from landlords and buyers alike. The seasonal outdoor pool, Sauna & hot tub, Bike Storage, Storage locker, plenty of green space, and the views add a premium that the price doesn't reflect. Fees include Prop Tax, Heat, Hot-water and management (id:62865)

Property Information

Status

Active

Year Built

1969

Property Type

Apartment

Ownership

Leasehold

Subdivision

Orchard house

Parking Spaces

1

Annual Tax

$282,454

Zoning

Multi-Family

Parcel Number

004-154-878

Data Source

Victoria Real Estate Board

Interior Details

Bedrooms

0

Bathrooms

1

Living Area

409 square feet

Appliances

RefrigeratorRange - Electric
Exterior & Lot

Lot Size

536.0 sqft

View

City view, Ocean view

Lot Features

Rectangular

Community Features

Family OrientedPets not Allowed
Building & Utilities

Heating

Baseboard heaters, Hot Water

Cooling

None

Security

Sprinkler System-FireFire alarm system

$175,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
1Baths
409sqft
Association Details

Association Fee

$556 Monthly

Listing Courtesy of

Office

Engel & Volkers Vancouver Island

Mortgage Calculator
$35,000

Loan Amount:

$140,000

Estimated Monthly Payment:

$682

This is an estimate for informational purposes only. Consult with a financial advisor.