CAD$4,990,000

CAD$4,990,000 Asking price
936 Queens Ave

Victoria, British Columbia, V8T1M6

Delisted · Delisted ·

Listing information last updated on Sat Mar 16 2024 01:44:51 GMT-0400 (Eastern Daylight Time)

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Summary

ID947294
StatusDelisted
Ownership TypeFreehold
Brokered ByRE/MAX Camosun
TypeResidential Other,Multifamily
AgeConstructed Date: 1914
Land Size6400 sqft
RoomsBed:0,Bath:0
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Detail

Building
Constructed Date1914
Cooling TypeNone
Fireplace PresentFalse
Heating FuelElectric
Heating TypeBaseboard heaters
Size Exterior5880 sqft
TypeMulti-Family
Land
Size Total6400 sqft
Size Total Text6400 sqft
Acreagefalse
Size Irregular6400
Surrounding
View TypeCity view
Zoning DescriptionR-2
Zoning TypeUnknown
Other
FeaturesCentral location,Park setting
FireplaceFalse
HeatingBaseboard heaters

Remarks

Completely Renovated! Each unit feels like a brand new condo inside! Stratify in the future? 7-suite character conversion facing south onto Central Park behind Crystal Pool. R-2 Family/Duplex zone, this property comprises: 3 legal One bedroom/studio suites on the ground floor; 2 main-level 2 bedroom suites - each with front entrance and backyard entrance; 2 upper floor suites, each with 2 bedrooms and a den. All suites have in-suite laundry, brand new appliances and separate BC Hydro meter. Separate secure bike storage in the backyard. Space for garden boxes. Move-in ready. Five suites rented out already - two suites still vacant (as of Feb 1). Potential Stabilized Effective Gross Income (EGI) of almost $18,000 per month. CMHC 5-year historical vacancy rate 1.3%. Building plans in supplements. Showings to be coordinated during business hours (9 am to 5 pm). All measurements to be verified. Property Taxes $7,389 in 2023. This one will earn well in any portfolio - long into the future! (id:22211)

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The listing data is deemed reliable but is not guaranteed accurate by Canada Real Estate Association nor RealMaster.

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Location

Province:
British Columbia
City:
Victoria
Community:
Central Park
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Nearby Amenities
Community