Homes for sale - 845 Princess Ave, Victoria, BC V8T 1K7

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$1,789,999

Est. payment - /mo

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5,662 Sqft Lot

Active

845 Princess Ave Victoria, BC V8T 1K7

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Natasha Koch

natasha@vancityhometeam.com +1(604) 862-7619

UPDATED:

11/04/2024 06:56 PM

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

Listed by Royal LePage Coast Capital - Chatterton

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Natasha Koch

Broker Associate

+1(604) 862-7619