Residential Property in Oak Bay

$425,000

238 - 1175 Beach Dr
MLS® NO: 385946

Description

Exclusive opportunity to purchase a whole ownership furnished hotel suite in the prestigious Oak Bay Beach Hotel, one of the finest locations in the world! This is an investment property from which the owner will receive a fixed monthly income, while also enjoying exclusive suite use. This is a truly stress-free investment as the hotel operator covers ALL costs including strata fees & utilities (excluding prop tax). This suite is fully furnished with 2 queen beds, fireplace, a bar fridge, food prep area, & spacious spa bathroom, plus one of the largest & one of the few covered balconies, allowing outside enjoyment in any season. With purchase of this suite, the owner will have exclusive use for up to 16 weeks a year with full access to outstanding hotel amenities (for a nominal amenity fee and some seasonal restrictions). The resort offers full 5 star dining, concierge service, spa, outdoor mineral pool, theatre, & fitness facilities all in a world class waterfront setting.

General

Property Type:Condo Apartment
Title of Ownership:Section 23 & 73, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V.
Layout:Condo: One Level
Number of Floors:5
Taxes:$1,251
Tax Year:2017
Finished Sq. Ft.:509
Year Built:2010

Display Full Description

Interior Details

Bathroom(s): 1

Building Details

Foundation: Concrete Poured
Exterior Finish: Brick Facing, Stone
Roof: Metal
Heat/Air: Floor Radnt, Forced Air
Fuel: Electric, Gas

Site Influences

Lot SqFt: 509
Acres: 0.01
Lot Shape: Irreg.
Water: City/Munic.
Waste: Sewer
Zoning: Other
Parking: Underground - Not Secure, Uncovered, Visitors

Strata Lot Information

Complex: Oak Bay Beach Hotel
Strata Fee Incl: Bldg Insurance, Bldg Maintenance, Cable, Caretaker, Concierge, Electricity, Garbage p/u, Gas, Hot Water, Heat, Management, Rec Facility, Taxes, Water, Yard Maint and See Remarks
Rental Restrictions: No Rentals
Pet Notes: No pets allowed in this suite

Room Dimensions

Level 1 - 509 sqft

Entrance:6x4
Living:19x14
Bathroom:5

Property Details

Beds: 0
Baths: 1
Sq. Feet: 509
Year Built: 2010
Property Type: Condo Apartment
Municipality: Oak Bay

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Listed with:

Michelle Harrison - Sotheby's International Realty Canada

Mike Garman - Sotheby's International Realty Canada
Phone: (250) 380-3933 Fax: (250) 380-3939

Scott Garman - Sotheby's International Realty Canada
Phone: (250) 380-3933 Fax: (250) 380-3939