- British Columbia
- Victoria
845 Princess Ave
CAD$1,899,999 Sale
845 Princess AveVictoria, British Columbia, V8T1K7
4
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ID940548
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential Other,Multifamily
RoomsBed:0,Bath:0
Land Size6000 sqft
AgeConstructed Date: 1912
Listing Courtesy ofRoyal LePage Coast Capital - Chatterton
Detail
Building
Fireplace PresentFalse
Fire ProtectionFire alarm system
Heating FuelOil,Other
Heating TypeHot Water
Size Exterior7427 sqft
Land
Size Total6000 sqft
Size Total Text6000 sqft
Acreagefalse
Size Irregular6000
Surrounding
View TypeCity view
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