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Investment signal

$959,900

6B 1000 SookePoint Pl

Beds

2

Baths

2

Sqft

Year

2022

About this home

Coastal haven: Short term rentals permitted at this magnificent Pacific West Coast deluxe oasis. An exceptional vantage point to take in breathtaking sunsets and exhilarating storm-watching. Open the expansive track door from the living room and step onto the prow-shaped deck. Absorb the energy of the ocean. Enjoy these ringside seats for views of orcas, humpbacks, sea lions, seals and otters. Built with durable ICF construction, this investment opportunity can be used for short term rentals through the management company, or full-time personal use. The home boasts a crisp white kitchen with huge quartz island and the living room offers a contemporary fireplace as a focal point on wintery days. The luxurious primary suite has a 5-piece ensuite bathroom. There is a second bedroom and 3-piece bathroom plus in-suite laundry. Unit 6B boasts almost $40K in upgrades including Italian tile flooring with underfloor heat throughout, 9'6'' ceilings, Ledgestone fireplace surround, white maple frame cabinetry with shaker profile plus an additional window in the luxurious primary ensuite. A turnkey opportunity with no GST. Located beside East Sooke Park's alluring coastal trail, just 1 hour from BC's capital city, Victoria. (id:65958)

Subtype
Single Family
Lot size
948 square feet
MLS#
1002703
Area
SOOKE
Negative cash flow ~$1,871/mo at these assumptions

Cash on cash

-11.69%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,769

Financing

Down payment$191,980
Loan amount$767,920
Mortgage$4,711/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$440
Insurance$80
Maintenance$800
CapEx reserve$400
Vacancy loss$240

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,711/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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