845 Princess Ave Victoria, British Columbia V8T 1K7
$1,789,999
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:59709)
Property Details
| MLS® Number | 979663 |
| Property Type | Multi-family |
| Neigbourhood | Central Park |
| Features | Central Location, Level Lot, Rectangular |
| ParkingSpaceTotal | 4 |
| Plan | 62 |
| ViewType | City View |
Building
| ConstructedDate | 1912 |
| FireProtection | Fire Alarm System |
| HeatingFuel | Oil, Other |
| HeatingType | Hot Water |
| SizeExterior | 7664 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| SizeIrregular | 6000 |
| SizeTotal | 6000 Sqft |
| SizeTotalText | 6000 Sqft |
| ZoningDescription | R-2 Duplex |
| ZoningType | Unknown |
https://www.realtor.ca/real-estate/27614546/845-princess-ave-victoria-central-park
Interested?
Contact us for more information
Cameron Stewart
110 - 4460 Chatterton Way
Victoria, British Columbia V8X 5J2
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January 06 2025 08:04:19
Royal LePage Coast Capital - Chatterton