Success Story – Chestnut Grove in Fernwood

THE STORY

In 2012, Tracy contacted us through our website to inquire if we could manage her investment condo at “Chestnut Grove” at 1655 Begbie Street.

For nearly 9 years we were able to find great tenants and keep turnover to a minimum of just 45 days! This resulted in 106 months of market rent and with only 2 turnovers (3 different tenancies in total).

She decided to follow our proven process for leveraging her investment condo.


THE NUMBERS

  • 9 years under property management contract
  • 3 tenancies
  • 2 turnovers
  • 106/108 months of market rent
  • 100% sold for asking price
  • 10 days, from listed to done deal

THE UNIT

Enjoy all that Fernwood has to offer in this fully rentable 1 bed condo at the popular “Chestnut Grove”. The suite boasts a galley style kitchen, dining area and living room with wood burning fireplace that flows directly onto a covered balcony facing Chestnut St, the quieter tree lined side street. This professionally managed building offers secure underground parking, recreation room, bike storage, and there are no age restrictions. Walk to Oak Bay, Jubilee Hospital, the heart of Fernwood with great pubs and coffee or walk downtown. It’s also an easy bus or bike to UVic or Camosun College. With so many amenities and transit options available at your doorstep, this centrally located condo building would be well suited to investors or first-time homebuyers.


THE OUTCOME

Following The Duttons Journey, we guided this client through our proven process. Our PM division, with Zana Siskin’s guidance, successfully managed the tenancy, providing the client with 106 months of market rent. Once the client was ready to sell, our sales team, with Ole Schmidt and Ainsley Gower were able to sell this property to a happy buyer.


CAN WE HELP YOU?

  1. Book a 15 minute chat with Peace Chigbundu, our Client Success Manager today!
  2. She will listen to your needs and …
  3. Provide you with creative and focused solutions to your real estate goals.