845 Princess Ave Active Save Request In-Person Tour Request Virtual Tour
Victoria,BC V8T 1K7
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 979663
Rental Info Unrestricted
Year Built 1912
Annual Tax Amount $9,168
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50 ft wide
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+. Offered at 6.3% 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.
Location
Province BC
County Capital Regional District
Area Victoria
Zoning R-2 Duplex
Direction Princess between Quadra and Blanshard across from Central Park and Crystal Pool Recreation Centre
Interior
Heating Hot Water,Oil,Mixed
Flooring Mixed
Inclusions Real Estate
Heat Source Hot Water,Oil,Mixed
Exterior
Exterior Feature Balcony/Patio,Security System
Parking On Site 1
Utilities Available Cable To Lot,Electricity To Lot,Garbage,Natural Gas To Lot
View Y/N Yes
View City
Total Parking Spaces 4
Building
Lot Description Central Location,Level,Rectangular Lot
Building Description Concrete,Frame Wood,Wood, Basement,Bike Storage,Fire Alarm,Laundry Room,Parking,Security System,Storage Room,Transit Nearby
Foundation Poured Concrete,Slab
Sewer Sewer To Lot
Water Municipal,To Lot
Structure Type Concrete,Frame Wood,Wood
Others
Pets Allowed Yes
Tax ID 009-337-105
Ownership Freehold