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845 Princess Ave
Victoria BC , V8T 1K7 , Canada
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Cameron Stewart
Agent
Cell: 778.866.1066

Royal LePage Coast Capital Realty
Brokerage:
110 - 4460 CHATTERTON WAY
Victoria, BC
V8X5J2
Phone: 250.477.5353
Fax: 250.477.3328
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

$1,899,999.00
MLS® 940548
Investment
Annual Tax Amount: $9,168.00 (2023)
Lot Frontage: 6000 Square Feet
Lot Size: 6000 Square Feet
No. of Parking Spaces: 4
Floor Space (approx): 7427 Square Feet
Built in: 1912
Zoning: R-2 Duplex
Remarks:
You are invited to this rare opportunity to acquire the jewel at Central Park and Crystal Pool Recreation Centre. A 13 suite revenue & character apartment building, mere blocks to Downtown and on all bus routes. Corrected Current Gross Effective Income greater than $137,000. Offered at 4.8% Cap Rate; improved further upon gentle stabilization. Professionally managed and meticulously cared for 5 1BR self contained suites and 7 studio and 1BR suites with shared amenities. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming Bonused FSR (Floor Space Ratio) allows up to 14 units. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to dropbox financials with a signed confidentiality agreement. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.
Inclusions:  Real Estate

Property Features:
  • Building Features: Basement , Bike Storage , Fire Alarm , Laundry Room , Parking , Security System , Storage Room , Transit Nearby
  • Construction Materials: Concrete , Frame Wood , Wood
  • Exterior Features: Balcony/Patio , Security System
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter , Slab
  • Heating: Hot Water , Oil , Mixed
  • Inclusions: Real Estate
  • Lot Features: Central Location , Level , Rectangular Lot
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Sewer: Sewer To Lot
  • Utilities: Cable Connected , Electricity Connected , Garbage , Natural Gas Connected
  • View: City
  • Water Source: Municipal , To Lot

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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