- British Columbia
- Victoria
845 Princess Ave
CAD$1,899,999
CAD$1,899,999 Asking price
845 Princess AveVictoria, British Columbia, V8T1K7
Delisted · Delisted ·
4
Listing information last updated on Wed May 01 2024 19:48:16 GMT-0400 (Eastern Daylight Time)
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ID940548
StatusDelisted
Ownership TypeFreehold
Brokered ByRoyal LePage Coast Capital - Chatterton
TypeResidential Other,Multifamily
AgeConstructed Date: 1912
Land Size6000 sqft
RoomsBed:0,Bath:0
Detail
Building
Constructed Date1912
Fireplace PresentFalse
Fire ProtectionFire alarm system
Heating FuelOil,Other
Heating TypeHot Water
Size Exterior7427 sqft
TypeMulti-Family
Land
Size Total6000 sqft
Size Total Text6000 sqft
Acreagefalse
Size Irregular6000
Surrounding
View TypeCity view
Zoning DescriptionR-2 Duplex
Zoning TypeUnknown
Other
FeaturesCentral location,Level lot,Rectangular
FireplaceFalse
HeatingHot Water
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:22211)
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Location
Province:
British Columbia
City:
Victoria
Community:
Central Park