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8 Bed Revenue 4-Plex in Victoria

$1,350,000

547 Burnside Rd
MLS® NO: 428152

Description

Investor Alert! Excellent Revenue Property with gross rents ~$6300/month. This well looked after, updated, non conforming character home consists of 4 suites and a garage. There's also excess room on the lower level (another unit?). 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 pergect for an investor looking for a turnkey property to take advantage of low interest rates, or for someone who is handy and can increase gross revenue through improvements. Many recent updates to the home include tankless hot water, flooring, and more. Gross annual income of ~$75,600 and room for growth! Investment properties like this do not come along often, so act fast before it's gone.

General

Property Type:Revenue 4-Plex
Title of Ownership:LOT 11, BLOCK 1, SECTION 4, VICTORIA DISTRICT, PLAN 1134
Layout:Main Level Entry with Upper Level(s)
Taxes:$4,717
Tax Year:2019
Finished Sq. Ft.:4,546
Unfinished Sq. Ft.:232
Year Built:1947
Elementary School:61 Tillicum
Junior School:61 Colquitz
Senior School:61 Spectrum Comm.

Display Full Description

Interior Details

Bedroom(s): 8
Bathroom(s): 5

Building Details

Foundation: Concrete Poured
Exterior Finish: Stucco, Wood
Roof: Asphalt Shingle
Heat/Air: Baseboard
Fuel: Electric

Site Influences

Lot SqFt: 5,500
Acres: 0.13
Frontage: 50.00
Depth: 110.00
Lot Shape: Rect.
Water: City/Munic.
Waste: Sewer
Zoning: Residential
Parking: Driveway, Garage Single
Lot Features: Cleared

Strata Lot Information

Parking Spaces: Attached
Rental Restrictions: Unrestricted
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats, Dogs

Room Dimensions

Level 1 - 920 sqft

Living:12x11
Kitchen:8x11
Mast Bdrm:13x11
Bathroom:4 piece
Bedroom:11x11
Walk-in Closet:5x5

Level 2 - 768 sqft

Entrance:5x8
Living:6x9
Dining:12x9
Kitchen:13x6
Mast Bdrm:12x12
Bathroom:4 piece
Bedroom:12x10
Walk-in Closet:5x3

Level 3 - 1,435 sqft

Entrance:4x13
Living:18x12
Dining:9x13
Kitchen:7x13
Mast Bdrm:12x12
Bathroom:4 piece
Bedroom:12x11
Bathroom:3 piece
Living-Addl.:14x7
Den:11x11

Level 4 - 1,063 sqft

Living:11x14
Dining:7x8
Kitchen:8x10
Mast Bdrm:11x17
Bathroom:4 piece
Bedroom:10x13
Office:10x7
Walk-in Closet:3x4

Property Details

Beds: 8
Baths: 5
Sq. Feet: 4,546
Year Built: 1947
Property Type: Revenue 4-Plex
Municipality: Victoria

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Listed with:

Colevin Crause - Royal LePage Coast Capital - Oak Bay
Fax: (250) 592-6600

Cheri Crause - Royal LePage Coast Capital - 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.