Estimated Cash Flow
$364.00/ month
Asking Price
$345,900.00
Potential Rent
$2,400.00/ month
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YP991171 Victoria
Spirit Bay, BC.

THE PROJECT: Adorable cottages in the prestine Spirit Bay development. "The Hamlet" is a micro-community within Spirit Bay made up of eight lots on which cottages will be built - less than a 2 minute walk to the ocean, and directly next to the planned town center.

WHY PRE-CONSTRUCTION?: The project scope for the foreseeable future is 1500 homes, and this is phase one, AKA: The best rates you're going to see. The town center isn't built yet, the resort and spa has yet to be built - this is the very beginning. Prices are already going up as more lots sell and begin construction.

WHY SPIRIT BAY?: Spirit Bay is a stunning seaside community located only 15-minutes from the core of Langford - which has been the fastest frowing municipality in BC several years in a row. Langford is also home to attractions such as a PGA golf resort (Bear Mountain), Mountain Bike Canada, Rugby Canada, Tennis Canada and Goldstream provincial park.

YOUR OWN HOLIDAY HOME?: If you're an investor who also wants a holiday home, use this as your personal vacation rental. You can maximize cashflow through short-term rental and book it for your own holidays (and write it off as a business trip!?).

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"This document has been developed as an information resource, for illustration purposes only. This information has been obtained from various third-party sources. While Investor Life Inc. believes the information provided by the various third-party sources is reliable, the information has not been independently verified, and no representation or warranty is made as to the accuracy or completeness of such information. No person should act specifically on the basis of the material contained herein without considering and taking professional advice. By their nature, estimates of rents, expenses or ROI could differ materially from those that have been estimated. Investor Life Inc. makes no guarantees or warranties regarding the future value of real estate or cash flow, full diligence is still required by any user."

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