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Investment signal

$699,000

1119 Wychbury Ave

Beds

3

Baths

2

Sqft

Year

1977

About this home

Affordable entry into one of Victoria’s most desirable seaside neighbourhoods! This nicely updated half-duplex in Saxe Point offers exceptional value with no strata fees—perfect for first-time buyers or those looking to get into an increasingly expensive market. Over the past 5 years, enjoy updates including flooring, windows, window coverings, gutters, attic insulation, lighting, interior paint, and exterior fencing. The main level features a bright open-concept living/dining space with an electric fireplace, plus a tidy kitchen with ample prep space, new dishwasher, osmotic water filter, and alkaline remineralization system, and generous storage. A covered deck and shed provide bonus flex space for gym, hobbies, or entertaining. Upstairs offers 2 bedrooms + den, a 4-piece bath with soaker tub, and a spacious primary with walk-in closet and electric fireplace. Fully fenced, pet-friendly yard, 2 parking spots, 2 more sheds, and great proximity to parks, beaches, schools, and shopping complete this smart investment. Proudly presented by Fair Realty's Sweet Home Victoria Real Estate Team. (id:65958)

Subtype
Single Family
Lot size
2,992 square feet
MLS#
1030668
Area
ESQUIMALT
Negative cash flow ~$1,380/mo at these assumptions

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,952

Financing

Down payment$139,800
Loan amount$559,200
Mortgage$3,431/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320
Insurance$80
Maintenance$583
CapEx reserve$291
Vacancy loss$175

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 $3,431/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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