$449,000

104-1395 Bear Mountain Pkwy, Langford, BC, V9B 0E1

QuickQuote^TM: $426K - $519K

MLS® # 988917

1 Beds

1 Bath

656 FEETSQ sqft

Property Information:

Step into resort-style living with this charming 1-bedroom condo, perfectly situated in Victoria's premier golf course community! Ideal for first-time buyers and snowbirds, this South-East facing ground-floor unit boasts serene views of the 9th Fairway and an airy ambiance accentuated by soaring 10-foot ceilings. Enjoy modern conveniences like stainless steel appliances, in-suite washer and dryer, and a cozy electric fireplace. The private covered patio, perfect for a bistro set and BBQ, complements the additional common area patios ideal for entertaining. Secure underground parking, a storage locker and plentiful visitor parking enhance convenience. Located in a pet-friendly community, you’ll have easy access to Bear Mountain’s renowned amenities, including clay tennis courts, a fitness center with a heated outdoor pool, and two World-Class Golf Courses. Stroll to nearby dining or explore hiking trails just steps from your door. Don’t miss this opportunity—schedule your showing today!

Property Features:

Bedrooms: 1
Bathrooms: 1
Annual Tax Amount: $1,871
Accessibility Features: Accessible Entrance, Ground Level Main Floor, No Step Entrance
Appliances: Dishwasher, F/S/W/D, Microwave
Architectural Style: Character
Association Amenities: Bike Storage, Common Area, Elevator(s)
Association Fee Includes: Caretaker, Trash, Hot Water, Insurance, Maintenance Grounds, Property Management, Sewer, Water
Basement: None
Building Features: Bike Storage, Fire Alarm, Fire Sprinklers, Security System, Transit Nearby
Built in: 2008
Condo Fees: $380 Monthly
Construction Materials: Cement Fibre, Frame Wood, Insulation All, Stone
Cooling: None
Exterior Features: Balcony/Patio
Fireplace Features: Electric
Floor Space (approx): 656 Square Feet
Flooring: Carpet, Hardwood, Tile
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric
Interior Features: Ceiling Fan(s), Controlled Entry, Elevator
Laundry Features: In Unit
Lot Features: Curb & Gutter, Easy Access, On Golf Course, Quiet Area, Recreation Nearby, In Wooded Area
Lot Frontage: 656 Square Feet
Lot Size: 656.00 Square Feet
Ownership: Freehold/Strata
Parking Features: Underground
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK, Number Limit
Property Condition: Resale
Property Sub Type: Condo Apartment
Rent Includes: Gas
Road Surface Type: Paved
Roof: Fibreglass Shingle
Utilities: Garbage, Recycling
View: Valley, Other
Water Source: Municipal
Zoning Description: Residential
Sewer: Sewer To Lot
No. of Parking Spaces: 1

Rooms:

Living Main Level 3.35 m x 2.13 m
Other Main Level 1.83 m x 2.44 m Note: Entrance
Kitchen Main Level 3.96 m x 4.57 m
Other Main Level 4.27 m x 3.05 m
Bathroom Main Level
Dining Main Level 3.96 m x 1.22 m

Convert Measurement to:

Courtesy of: RE/MAX Camosun

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.

More Detail

Less Detail

Potential Investment Performance

Cumulative ROI

148.2%

Cumulative Market Appreciation

$124,050

Net Operating Income in Year 5

$31,915

Cash on Cash Return in Year 5

7.2%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$89,800
Mortgage Amount	$359,200
Mortgage Payment %	$1,863

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,247

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$919
Net Operating Income	$2,327

Debt Service
Mortgage Payment	$1,863

Net Cash Flow	$464

Cap Rate

6.22%

Acquistion Costs

Down Payment $89,800

Land Transfer Tax $6,980

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $98,780

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$89,800	-	-	-	-	-	-	-	-	-
Closing Costs	$8,980	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$5,588	$5,857	$6,138	$6,433	$6,743	$7,067	$7,407	$7,763	$8,136	$8,527
Total	$104,368	$5,857	$6,138	$6,433	$6,743	$7,067	$7,407	$7,763	$8,136	$8,527
Cash Invested	$104,368	$110,226	$116,365	$122,799	$129,542	$136,609	$144,016	$151,779	$159,915	$168,442

Rental Cash Flows
Rent and other income	$38,971	$40,140	$41,345	$42,585	$43,863	$45,178	$46,534	$47,930	$49,368	$50,849
Operating Expenses	-$11,037	-$11,298	-$11,565	-$11,839	-$12,120	-$12,408	-$12,703	-$13,005	-$13,314	-$13,631
Mortgage Payment	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364	-$22,364
Net Cash Flow	$5,569	$6,477	$7,414	$8,380	$9,377	$10,405	$11,466	$12,560	$13,688	$14,852

Returns
Property Price Appreciation	$22,450	$23,572	$24,751	$25,988	$27,288	$28,652	$30,085	$31,589	$33,168	$34,827
Mortgage Paydown	$5,588	$5,857	$6,138	$6,433	$6,743	$7,067	$7,407	$7,763	$8,136	$8,527
Net Cash Flow	$5,569	$6,477	$7,414	$8,380	$9,377	$10,405	$11,466	$12,560	$13,688	$14,852
Total Return	$33,607	$35,907	$38,304	$40,803	$43,408	$46,125	$48,958	$51,912	$54,993	$58,207
Cumulative Return	$33,607	$69,515	$107,819	$148,622	$192,031	$238,157	$287,115	$339,028	$394,022	$452,229

Investment Metrics
Cumulative ROI	32.2%	63.1%	92.7%	121.0%	148.2%	174.3%	199.4%	223.4%	246.4%	268.5%
Cash On Cash	5.3%	5.9%	6.4%	6.8%	7.2%	7.6%	8.0%	8.3%	8.6%	8.8%