An associate of mine has a 5 acre property in Central Saanich. Here are some highlights..... - 3000+ sq ft 3 bedroom 2 bath - 1 bedroom suite - Two story Barn with Loft - A1 Zoning, Perfect for any type of Agricultural Business. - Perfect for a business that needs lots of parking. - Looking for a partner with good credit, decent jobs, down payment negotiable. - Rent to Own May be Possible. - Let's talk if you or someone you know has had a dream of owning acreage on the Peninsula.

This home is located at 2508 Shakespeare St and has an Open House this Saturday Feb 7th from 1:30 to 3:00, which you are welcome to just show up at. It has 3 suites, with the main suite being totally renovated and gorgeous. It is located a few blocks away from the Royal Jubilee Hospital, so your tenants would be lining up, and could walk to work. Right now the whole property is being rented for $5515 per month, but if you wanted to live in the beautifully renovated suite yourself you could rent the 1 bedroom suite for about $1800.00 and the Tiny Home for $1350 for a total rent income of $3140 per month. Rent can be calculated at approximately $500 per $100,000 of Mortgage, so you could say $3000 rent divided by $500.00 = 6 or $600,000 worth of Mortgage. So for a house that's worth $1,200,000 (with minimum down payment) you can subtract about $600,000 in Mortgage costs, and you are paying for about $600,000 of the mortgage yourself, with your tenants or a Co-Owner paying the rest. I've included the lising, floor plans and a Mortgage Calculation sheet below that shows that after the 1st 5 year term you will have paid $179,519 towards the principal (or back in your pocket) That amounts to $2992.00 of every mortgage payment every month that goes back to your "Piggy Bank". If you rented for 5 years you would have 0 in your pocket. If any of this is fuzzy or confusing, don't worry. I'm happy to get on a call and explain it. (Maybe I'll do a Video) https://portal.onehome.com/en-CA/share/1137502z29643