$64,999

306-308B - 1376 Lynburne Pl
MLS® NO: 1046641

Description

Around 6.5% ROI YEARLY & Hotel Manages Everything! Amazing 1/4 quarter share opportunity to own in the Premier Fairways Hotel on the Mountain. Set at the base of Mt. Finlayson, your investment includes 1552 sqft; 1 bdrm/2 bath suite featuring a full kitchen, fireplace, PLUS adjoining 1 bdrm/1 bath with kitchenette lock-off. The building is on the Fairway of the 1st hole of one of two Jack Nicklaus designed golf courses. Just steps away from specialty shops, clubhouse, spa facilities, and restaurants. Sports enthusiasts enjoy the latest technology covered CLAY TENNIS COURTS, Mountain biking trails, Bear Mountain Activity Centre (gym & pool), and direct access to the very popular Mt. Finlayson for HIKING TRAILS. Only a 25 minute drive to Victoria’s downtown core. If the owner is not occupying it, the unit is rented as hotel rooms with revenue back to the owner (managed by hotel staff). Pictures are of similar unit in building.

General

Property Type:Condo Apartment
Title of Ownership:STRATA LOT 36, PLAN VIS5687, SECTION 82, HIGHLAND LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 OR V, AS APPROPRIATE
Layout:Condo
Number of Floors:3
Taxes:$626
Tax Year:2025
Finished Sq. Ft.:1,552
Unfinished Sq. Ft.:132
Year Built:2004

Building Details

Foundation: Poured Concrete
Roof: Fibreglass Shingle
Heat/Air: Baseboard, Electric

Site Influences

Lot SqFt: 1,552
Acres: 0.04
Water: Municipal
Waste: Sewer Connected
Parking: Underground
Lot Features: Near Golf Course, On Golf Course, Recreation Nearby, Southern Exposure

Strata Lot Information

Complex: The Fairways
Strata Fee: $204
Minimum Age: 0
Age Notes: See Bylaws.
Rental Restrictions: Some Rentals
Rental Notes: See Bylaws.
Pets Allowed: Dogs
Pet Notes: Up to two. See Bylaws.

Room Dimensions

Level 1 - 1,552 sqft

Entrance:3x8
Dining Room:9x4
Bedroom - Primary:21x11
Kitchen:10x8
Living Room:15x11
Ensuite:4-Piece piece
Entrance:13x5
Dining Room:10x12
Bedroom:17x11
Bathroom:4-Piece piece
Bathroom:2-Piece piece

Level 2 - 0 sqft

Level 3 - 0 sqft

Level 4 - 0 sqft

Other - 0 sqft

Property Details

Beds: 2
Baths: 3
Sq. Feet: 1,552
Year Built: 2004
Property Type: Condo Apartment
Municipality: Langford

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Listed with:

Adrian Maclaren - RE/MAX Camosun

Vincent Baart - RE/MAX Camosun
Phone: 250-532-5364

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.