647 Michigan Street

Victoria, British Columbia V8V1S9

MLS # 1053229

$139,000

Property Details

Type

Apartment

Beds

—

Baths

Status

For Sale

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About this property

Motivated sellers, and sellers pay special assessments! The Orchard House at 647 Michigan is one of Victoria’s most affordable and predictable ways into the market. The leasehold title runs to 2073, giving you nearly 50 years of secure tenure at a fraction of freehold pricing. Lower closing costs and more predictable carrying costs make this an easy fit for investors and downsizers alike. Recent updates include fresh paint, a new tub surround, tile backsplash, counters, and updated plugs and switches. You also get secure underground parking. The building is steel and concrete, and you’re just steps from downtown dining, transit, and the waterfront. Amenities include a seasonal outdoor pool, sauna, hot tub, bike storage, a storage locker, and plenty of green space, plus views that add value the price doesn’t reflect

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Property taxes: about $25,586/month based on listed annual taxes.

Monthly Fee: $556.00/mo

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Rooms

Room	Level	Dimensions
Bathroom	Main level	4-Piece
Kitchen	Main level	6' x 7'
Dining room	Main level	12' x 12'
Living room	Main level	13' x 12'
Balcony	Main level	14' x 5'
Entrance	Main level	3' x 10'