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:46227)
Property Details
| MLS® Number | 979663 |
| Property Type | Multi-family |
| Neigbourhood | Central Park |
| Features | Central Location, Level Lot, Rectangular |
| Parking Space Total | 4 |
| Plan | 62 |
| View Type | City View |
Building
| Constructed Date | 1912 |
| Fire Protection | Fire Alarm System |
| Heating Fuel | Oil, Other |
| Heating Type | Hot Water |
| Size Exterior | 7664 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 6000 |
| Size Total | 6000 Sqft |
| Size Total Text | 6000 Sqft |
| Zoning Description | R-2 Duplex |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27614546/845-princess-ave-victoria-central-park
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November 04 2024 07:57:24
Victoria Real Estate Board
Royal LePage Coast Capital - Chatterton