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Exceptional Property

1566 Despard Avenue, Victoria

$1,800,000

2 + 1 Bedrooms

2 Bathrooms

2314 sqft

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Single Family

Style

Duplex

Year Built

1940

Square Footage

2314 square feet

Bedrooms

2 + 1 Bedrooms

Bathrooms

2 Bathrooms

Distinguished Features

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Property Overview

A Closer Look at This Distinguished Residence

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A lovely and welcoming home with elements of 1940’s elegance, well-crafted thoughtful renovations, and a private garden make this property a unique retreat from the bustle of the city. Tucked away in one of Rockland's most sought-after streets, the home suggests a hint of glamour in every room. Bespoke Art Deco elements such as arched doorways tha...

MLS Number

1009507

Listed By

Royal LePage Coast Capital - Oak Bay

Last Updated

Aug 11, 2025, 5:50 a.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

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Experience The Property

View Virtual Tour

Property Specifications

Property Type

Single Family

Architectural Style

Duplex

Year Built

1940

Square Footage

2314

Zoning

Residential

Interior Features

Number of Fireplaces

Climate Control & Utilities

Heating System

Baseboard heaters, Natural gas, Hot Water

Air Conditioning

None

Exterior & Surroundings

View Type

Mountain view

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

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Property Timeline

Historical transactions and listing information

New

MLS# 1009507

List Date

Aug 7, 2025, 10:45 p.m.

List Price

$1,800,000

Property Type

Sale

Bedrooms

Bathrooms

Financial Planning

Tools to Help You Plan Your Investment

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Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

Property Purchase Price

300,000

Down Payment

20%

Interest Rate

% p.a.

Amortization Period

Monthly Payment

Per Month

Mortgage Details

Loan Amount

$240,000

Total Interest

Total Payments

Loan-to-Value Ratio

80%

Total Number of Payments

360

Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Analysis Period:

Total Income

$4,300/monthly

2 income sources

Total Expenses

$2,530/monthly

3 expense items

Net Cash Flow

$1,770/monthly

Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.