1107 647 Michigan St in Victoria: Vi James Bay Condo for sale : MLS®# 970318

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 suite in the building currently renting for $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 Info:

Property Type:: Residential

Type:: Condo Apartment

Year built:: 1969 (Age: 55)

Close Price Lease Total:: Signup

Existing Lease Expiry:: Signup

Living Area:: 479 sq. ft.44.501 m2

Listing General Location:: Vi James Bay, Victoria

Bedrooms:: 0

Bathrooms:: 1.0 (Full:-/Half:-)

Lot Size:: 532.004 sq. ft.49.425 m2

Kitchens:: 1

Taxes:: Signup

Additional Info:

Building Name:: Orchard House

Building Type:: Other Level

Building Features:: Bike Storage

Construction:: Concrete, Steel and Concrete

New Construction:: No

Foundation:: Concrete Perimeter

Roof:: Asphalt Torch On

Number of Storeys:: 23

Ceiling Heights:: Signup

Floor finish:: Mixed, Vinyl, Wood

Total Building Area:: 538 sq. ft.49.982 m2

Total Unfinished Area:: 59 sq. ft.5.481 m2

Commercial Area:: Signup

# Bedrooms or Dens Total:: 0

# Main Level Bedrooms:: 0

# Second Level Bedrooms:: 0

# Third Level Bedrooms:: 0

# Lower Level Bedrooms:: 0

# Other Level Bedrooms:: 0

# Main Level Bathrooms:: 1

# Second Level Bathrooms:: 0

# Third Level Bathrooms:: 0

# Lower Level Bathrooms:: 0

# Other Level Bathrooms:: 0

# Main Level Kitchens:: 1

# Second Level Kitchens:: 0

# Third Level Kitchens:: 0

# Lower Level Kitchens:: 0

# Other Level Kitchens:: 0

Living Area Lower Floor:: 0 sq. ft.0 m2

Living Area Main Floor:: 470 sq. ft.43.664 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 0 sq. ft.0 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

Fireplaces:: 0

Laundry Features:: Common Area

Water supply:: Municipal

Sewer:: Sewer Connected

Cooling:: None

Heating:: Baseboard, Electric, Hot Water

Fireplace:: No

More Info Available:

Pending Date:: Signup

Appliances Included:

Oven/Range Electric, Refrigerator

Interior Features:

Elevator, Sauna, Storage, Swimming Pool, Workshop

Exterior Features:

Balcony/Deck, Swimming Pool, Wheelchair Access

Association Amenities:

Bike Storage, Elevator(s), Pool: Outdoor, Sauna, Secured Entry, Spa/Hot Tub, Storage Unit, Street Lighting, Workshop Area

View:

City, Mountain(s), Ocean

Directions:

If coming off of Douglas St, turn right onto Michigan for 1/2 a block, The building is located on the right side.

Strata Lot Includes:

Balcony, Parking Stall, Separate Storage

Entry Location:

Main Level

Minimum Age:

Age Restrictions Notes:

Please review Head Lease and Rules.

Pets Allowed:

Pet Restriction Notes:

None. Please review Head Lease and Rules.

BBQ Allowed:

BBQ Notes:

Please review Head Lease and Rules.

Smoking Bylaw:

Unknown

Smoking Bylaw Notes:

Please review Head Lease and Rules.

Rent Allowed:

Some Rentals

Rental Allowed Notes:

6 Months Minimum. Please refer to Lease documents. No short-term rentals.

Financial Info:

Financing Notes:: Signup

Assessed:: Signup

Assessment year:: Signup

Approximate Inventory Value:: Signup

Fixed Equipment Approx. Value:: Signup

Goodwill Approx. Value:: Signup

Gross Income:: Signup

Net Operating Income:: Signup

Association Fee:: Signup

Association Fee Frequency:: Signup

Association Fee Includes:: Trash, Heat, Hot Water, Recycling, Sewer, Taxes, Water

Association Fee Year:: 2024

Legal Info:

Jurisdiction name:: City of Victoria

Legal Description:: Signup

Accessibility:: Accessible Entrance

Other Details:

Units in Building:: Signup

Units in Community:: Signup

Number of 2 piece baths:: 0

Number of 3 piece baths:: 0

Number of 4 piece baths:: 1

Number of 5 piece baths:: 0

Number of 2 piece Ensuites:: 0

Number of 3 piece Ensuites:: 0

Number of 4 piece Ensuites:: 0

Lease Years Remaining:: 48

Occupancy:: Vacant

Property Condition:: Resale

Land Info:

Utilities:: Garbage, Recycling

Exposure / Faces:: South

Layout:: Condo

Lot Site Features:: Central Location, Curb & Gutter, Easy Access, Marina Nearby, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure