845 Princess Avenue, Central Park in Victoria, BC
This is a Multi-family Listing.
845 Princess Avenue, Central Park in Victoria
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:6289)
$1,899,999
845 Princess Avenue, Victoria, British Columbia
Essential Information
- MLS® #940548
- Price$1,899,999
- Bathrooms0.00
- Acres0.14
- Year Built1912
- TypeMulti-family
- Sub-TypeFreehold
- Days on Website264
Amenities
- FeaturesCentral location, Level lot, Rectangular
- Parking Spaces4
- ViewCity view
Additional Information
- ZoningUnknown
Community Information
- Address845 Princess Avenue
- SubdivisionCentral Park
- CityVictoria
- Postal CodeV8T1K7
Interior
- HeatingOil, Other Hot Water
Listing Details
- Listing OfficeRoyal LePage Coast Capital - Chatterton