$155,000
$167,900
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
751 SqFt
SOLD DATE : 04/18/2024
Key Details
Sold Price $155,000
Property Type Condo
Sub Type Condo Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 751 sqft
Price per Sqft $206
MLS Listing ID 953585
Sold Date 04/18/24
Style Condo
Bedrooms 2
HOA Fees $397/mo
Rental Info Unrestricted
Year Built 1995
Annual Tax Amount $1,000
Tax Year 2023
Property Sub-Type Condo Apartment
Property Description
Opportunity for real estate investors! 306-1050 Braidwood Rd offers a well-kept 2-bedroom condominium, featuring new paint throughout, storage, and newer laminate floors. The building has a proposed building envelope remodel planned which is why this condominium is priced so low. With an appraised value post building renovation of $295,000 (as per D.R. Coell & Associates Valuation Date March 1, 2023), there is an opportunity to buy-in, and realize the gains once the project has been completed. With an annual return estimated at 7%+ of the purchase price, and a possibility of a substantial lift in value after the building re-model, this may appeal to some investors.
Location
Province BC
County Courtenay, City Of
Area Cv Courtenay East
Zoning R-4
Direction South
Rooms
Main Level Bedrooms 2
Kitchen 1
Interior
Interior Features Dining/Living Combo, Elevator, Storage
Heating Baseboard, Electric
Cooling None
Flooring Laminate
Window Features Vinyl Frames
Appliance Dishwasher, Microwave, Oven/Range Electric, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Balcony/Deck
Parking Features Open
Roof Type Other
Handicap Access Accessible Entrance
Total Parking Spaces 1
Building
Lot Description Central Location, Easy Access, No Through Road, Recreation Nearby, Shopping Nearby, Sidewalk
Building Description Insulation All,Stucco, Condo
Faces South
Story 4
Foundation Other
Sewer Sewer Connected
Water Municipal
Additional Building None
Structure Type Insulation All,Stucco
Others
HOA Fee Include Garbage Removal,Insurance,Maintenance Grounds,Maintenance Structure,Property Management,Sewer,Water
Restrictions None
Tax ID 023-223-863
Ownership Freehold/Strata
Pets Allowed Number Limit
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Bought with RE/MAX Ocean Pacific Realty (Crtny)
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