Address
1120 May St Victoria, BC
Price
$ 2,288,000
Property Attributes
  • MLS#871682
  • TypeCommercial
  • CityVictoria
  • AreaVictoria
  • NeighbourhoodVi Fairfield West
  • Postal CodeV8V 2S5
  • StyleMulti Family
  • Year Built1912
  • Taxes$ 10906
  • Price$ 2,288,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6582
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Royal LePage Coast Capital - Chatterton
Data Source:
Victoria Real Estate Board (VREB)
Property Description

You are invited to this rare opportunity to acquire the jewel at Beacon Hill Park. A 10 suite revenue & character apartment building, 3 blocks to Dallas Rd.and in the heart of Cook St. Village. Corrected Current Gross Effective Income greater than $110,000. 4.7% Cap Rate improved upon gentle stabilization. Professionally managed and meticulously cared for 3 2BR + 1 1BR self contained suites and 6 studio suites with shared amenities just steps from bus routes. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming 46% Bonused FSR (Floor Space Ratio). New roof in 2018. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to financials with a signed confidentiality agreement; see flyer link attached and request password from listing agent. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.

General Features

Commercial Area Core (excl Downtown)
Commercial Listing Type Building
Construction Materials Stucco & Siding
Flooring Mixed
Heating Baseboard, Hot Water
Property SubType Multi Family
Property Type Commercial Sale
Sewer Sewer To Lot
Zoning SFD

Interior Features

Number Of Units In Building 10
Total Units 10

Exterior Features

Building Area Total 6582.00
Building Features Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Storage Room
Exterior Features Balcony/Deck
Foundation Poured Concrete
Lot Description Central Location, Park Setting, Shopping Nearby
Lot Size Acres 0.19
Lot Size Dimensions 60 ft wide x 135 ft deep
Lot Size Square Feet 8249.00
Parking Onsite Yn Yes
Water Source Municipal

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V8V 2S5

Price
AVG $2.29M
$2.29M
Taxes
AVG $10,906
$10,906
Visits
AVG 122
122
Year Built
AVG 1912
1912
Walkscore
AVG 72
72
Data Provided by Walkscore ® not using MLS data