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$ 1,789,999
Est. payment /mo
Active
845 Princess Ave Victoria, BC V8T1K7
6,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Central Park
MLS® Listing ID 979663
Originating Board Victoria Real Estate Board
Year Built 1912
Lot Size 6,000 Sqft
Acres 6000.0
Property Description
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 $157,000+. 6.3% Cap Rate; improved easily 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 Listing Agent. (id:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Hot Water, ,
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 4
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Coast Capital - Chatterton