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Exceptional Property

557 Simcoe Street, Victoria

$1,399,900
null Bedrooms
null Bathrooms
null sqft

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Vacant Land

Style

Other

Year Built

N/A

Square Footage

N/A

Bedrooms

N/A

Bathrooms

N/A

Distinguished Features

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Property Overview

A Closer Look at This Distinguished Residence

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OPPORTUNITY KNOCKS! Large, vacant lot available in the heart of James Bay. 60' x 164', level, rectangular lot is 9633 SQFT+-. Simcoe St between St Turner and Clarance St and has recently been zoned - Multi Family, allowing the construction 4-3bdrm townhomes. The project comes with the approved Development permit plans. To build New Townhomes in thi...

MLS Number

998040

Listed By

Coldwell Banker Oceanside Real Estate

Last Updated

May 7, 2025, 9:10 p.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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Property Specifications

Property Type
Vacant Land
Architectural Style
Other
Zoning
Multi-Family
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

Property image
6
New
MLS# 998040
List Date
May 7, 2025, 8:51 p.m.
List Price
$1,399,900
Property Type
Sale

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.

$
300,000
$
20%
% p.a.

Monthly Payment

$0
Per Month
Mortgage Details
Loan Amount
$240,000
Total Interest
$0
Total Payments
$0
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.

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.

Income Sources

Rental Income
monthly
$3,500
Investment Returns
monthly
$800
Add New Income
$

Expense Items

Mortgage
monthly
$1,800
Property Tax
monthly
$450
Property Management
monthly
$280
Add New Expense
$
This calculator provides an estimate only. Actual investment returns may vary based on market conditions and unforeseen expenses.

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