Vacation Rental Properties For Sale

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405 732 Cormorant St
Vi Downtown Victoria V8W 4A5

$1,099,000
Residential beds: 2 baths: 2.0 1,273 sq. ft. built: 2005

Main Photo: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 1: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 2: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 3: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 4: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 5: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 6: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 7: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 8: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 9: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 10: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 11: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 12: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 13: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 14: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 15: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 16: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 17: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 18: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Photo 19: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
Status:
Active
Prop. Type:
Residential
MLS® Num:
904118
Bedrooms:
2
Bathrooms:
2
Year Built:
2005
Welcome to Corazon Oasis! A 5 star, legally operating, vacation rental condo in the heart of downtown Victoria. Featuring a spacious master bedroom with sitting area, walk-in closet and full 5 piece ensuite, open concept living, kitchen and dining, a large den that has been converted into a third bedroom and a 20ft balcony with city views. This condo comes fully furnished and turn key with $50,000 in bookings over the next 4 months! Nightly rates vary form $700/n in the high season to $300/n in the low season. This investment condo blows away cap rates of other real estate investments in this price range, and will generate you passive income for years to come. 1 underground parking spot and storage locker included. Offered at $1,099,000 + GST.
Property Type:
Residential
Type:
Condo Apartment
Year built:
2005 (Age: 17)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,273 sq. ft.
Listing General Location:
Vi Downtown, Victoria
Bedrooms:
2
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
1,273.009 sq. ft.
Kitchens:
1
Home Style:
West Coast
Taxes:
Building Name:
Corazon
Building Type:
Other Level
Construction:
Brick, Steel and Concrete
New Construction:
No
Foundation:
Concrete Perimeter
Roof:
Tar/Gravel
Levels:
1
Number of Storeys:
12
Number of Buildings:
1
Ceiling Heights:
Floor finish:
Carpet, Cork, Tile
Total Building Area:
1,273 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# 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.
Living Area Main Floor:
1,273 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Balcony Area:
109 sq. ft.
Fireplaces:
1
Fireplace Details:
Electric, Living Room
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Warranty:
No
Pending Date:
F/S/W/D
Closet Organizer, Controlled Entry, Eating Area, Elevator, Furnished, Soaker Tub, Storage
Blinds, Insulated Windows
Balcony/Patio
Bike Storage, Common Area, Elevator(s)
City
Balcony, Livable, Parking Stall, Separate Storage
Main Level
0
Cats OK, Dogs OK
See bylaws
Yes
See bylaws
Yes
see bylaws
Unrestricted
Short-Term/Airbnb rentals allowed
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Association Fee Includes:
Caretaker, Trash, Insurance, Maintenance Grounds, Maintenance Structure, Property Management, Recycling, Sewer, Water
Association Fee Year:
2022
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
CT
Accessibility:
Primary Bedroom on Main, Wheelchair Friendly
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
1
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Other Equipment:
Electric Garage Door Opener
Property Condition:
Resale
Exposure / Faces:
Southeast
Layout:
Condo
Lot Site Features:
Rectangular Lot
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Attached, Guest, Underground
Total Parking Spaces:
1
Common Parking Spaces:
1
LCP Parking Spaces:
0
Lot Parking Spaces:
0
Total Units:
Date Listed:
May 24, 2022
Original Price:
1099000.0
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  • Photo 4: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    Fully stocked kitchen with induction stove
  • Photo 5: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    Dining to seat 6
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    Spacious living area that seats 6
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  • Photo 8: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    Master bedroom with sitting area
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  • Photo 10: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    master walk-in closet
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    Master ensuite
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  • Photo 14: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    second bedroom
  • Photo 15: 405 732 Cormorant St in Victoria: Vi Downtown Condo for sale : MLS®# 904118
    second bathroom
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Listed by Sotheby's International Realty Canada
Data was last updated June 26, 2022 at 04:05 PM (UTC)
Area Statistics
Listings on market:
174
Avg list price:
$628,950
Min list price:
$35,000
Max list price:
$9,299,900
Avg days on market:
41
Min days on market:
1
Max days on market:
221
Avg price per sq.ft.:
$927.51
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.
The Preferred Homes Team
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.