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845 Princess Ave
Victoria British Columbia , V8T1K7 , Canada
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$1,899,999.00
MLS® 940548
Investment
Lot Size: 6000 Square Feet
No. of Parking Spaces: 4
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 $125,000. 4.0% 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 72hrs notice for tenants, please. (id:7526)

Property Features:
  • Features: Central location , Level lot , Rectangular
  • OwnershipType: Freehold
  • Property Type: Multi-family
  • View Type: City view
  • Zoning Type: Unknown
Building Features:
  • Building Type: Multi-Family
  • Fire Protection: Fire alarm system
  • Heating Fuel: Oil , Other

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.

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