907 647 Michigan St, Victoria
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)
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
Bedrooms
0
Bathrooms
1
Living Area
409 square feet
Appliances
Lot Size
536.0 sqft
View
City view, Ocean view
Lot Features
Community Features
Heating
Baseboard heaters, Hot Water
Cooling
None
Security
$175,000
Association Fee
$556 Monthly
Office
Engel & Volkers Vancouver Island
Loan Amount:
$140,000
Estimated Monthly Payment:
$682
This is an estimate for informational purposes only. Consult with a financial advisor.
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