My Office Listings
845 Princess Ave
Vi Central Park
Victoria
V8T 1K7
$1,789,999
Commercial Sale
built: 1912
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 979663
- Year Built:
- 1912
- Photos (50)
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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+. Offered at 6.3% Cap Rate; improved further 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.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1912 (Age: 112)
- Lease Type:
- Sale Price
- Listing General Location:
- Vi Central Park, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,000 sq. ft.557 m2
- Lot Details:
- 50 ft wide
- Building Features:
- Basement, Bike Storage, Fire Alarm, Laundry Room, Parking, Security System, Storage Room, Transit Nearby
- Construction:
- Concrete, Frame Wood, Wood
- Foundation:
- Concrete Perimeter, Slab
- Electricity:
- Yes
- Number of Storeys:
- 3
- Floor finish:
- Mixed
- Total Building Area:
- 7,664 sq. ft.712 m2
- Subdivisable Area:
- No
- Water supply:
- Municipal, To Lot
- Sewer:
- Sewer To Lot
- Heating:
- Hot Water, Oil, Mixed
- Fireplace:
- No
- Real Estate
- Balcony/Patio, Security System
- City
- Princess between Quadra and Blanshard across from Central Park and Crystal Pool Recreation Centre
- Main Level
- 0
- Yes
- No
- Unrestricted
- Jurisdiction name:
- City of Victoria
- Zoning:
- R-2 Duplex
- Occupancy:
- Tenant
- Utilities:
- Cable Connected, Electricity Connected, Garbage, Natural Gas Connected
- Lot Site Features:
- Central Location, Level, Rectangular Lot
- Parking Features:
- On Site
- Total Parking Spaces:
- 4
- Date Listed:
- Nov 04, 2024
- Original Price:
- 1789999.0
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Larger map options:
Listed by Royal LePage Coast Capital - Chatterton
Data was last updated December 26, 2024 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 69
- Avg list price:
- $798,150
- Min list price:
- $16
- Max list price:
- $6,000,000
- Avg days on market:
- 128
- Min days on market:
- 7
- Max days on market:
- 710
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations.
- Deborah Piper
- Royal LePage Coast Capital Realty
- 250-477-5353
- Contact by Email
- Murray K. Lawson
- Royal LePage Coast Capital Realty
- 250-477-5353
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.