Bought with John Sheehan RE/MAX Ocean Pacific Realty (Crtny)
$155,000
$167,900
7.7%For more information regarding the value of a property, please contact us for a free consultation.
1050 BRAIDWOOD Rd #306 Courtenay, BC V9N 3R9
2 Beds
1 Bath
751 SqFt
Key Details
Sold Price $155,000
Property Type Condo
Sub Type Condo Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 751 sqft
Price per Sqft $206
MLS Listing ID 953585
Sold Date 04/18/24
Bedrooms 2
Maintenance Fees $397
HOA Fees $397/mo
HOA Y/N Yes
Year Built 1995
Annual Tax Amount $1,000
Tax Year 2023
Property Sub-Type Condo Apartment
Property Description
Opportunity for real estate investors! 306-1050 Braidwood Rd offers a well-kept 2-bedroom condominium, featuring new paint throughout, storage, and newer laminate floors. The building has a proposed building envelope remodel planned which is why this condominium is priced so low. With an appraised value post building renovation of $295,000 (as per D.R. Coell & Associates Valuation Date March 1, 2023), there is an opportunity to buy-in, and realize the gains once the project has been completed. With an annual return estimated at 7%+ of the purchase price, and a possibility of a substantial lift in value after the building re-model, this may appeal to some investors.
Location
Province BC
County Courtenay, City Of
Community Cv Courtenay East
Area Comox Valley
Zoning R-4
Rooms
Kitchen 1
Interior
Interior Features Dining/Living Combo, Elevator, Storage
Heating Baseboard, Electric
Cooling None
Flooring Laminate
Fireplace No
Window Features Vinyl Frames
Appliance Dishwasher, Microwave, Oven/Range Electric, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Balcony/Deck
Parking Features Open
Garage Spaces 1.0
View Y/N false
Roof Type Other
Accessibility Accessible Entrance
Total Parking Spaces 1
Garage No
Building
Lot Description Central Location, Easy Access, No Through Road, Recreation Nearby, Shopping Nearby, Sidewalk
Foundation Other
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Number Limit
Restrictions None
Ownership Freehold/Strata
Special Listing Condition Resale
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