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$ 2,750,000
Est. payment | /mo
9,583 Sqft Lot
$ 2,750,000
Est. payment | /mo
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 977776
Rental Info Unrestricted
Year Built 1957
Annual Tax Amount $11,425
Tax Year 2023
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Rare opportunity to acquire a well maintained 10-unit apartment building located in the heart of Oak Bay. Located in one of Victoria’s most sought-after neighbourhoods, this property is within walking distance to the ocean and is easily accessible by transit with main bus routes to UVIC and Downtown Victoria along Foul Bay Road. Features:
Large suites with an attractive suite mix of five (5) two-bedroom units and five (5) one-bedroom units; Ten (10) stalls of on-site parking available; Below market rents providing significant upside in income upon tenant turnover; Coin operated laundry on-site; Designated as “Multi-Unit Residential” in Oak Bay’s Official Community Plan, which supports a density of 1.9:1 FSR and up to eight (8) storeys in height. Can be purchased separately or as a package with 1530 Belcher Avenue (MLS #977779).
Large suites with an attractive suite mix of five (5) two-bedroom units and five (5) one-bedroom units; Ten (10) stalls of on-site parking available; Below market rents providing significant upside in income upon tenant turnover; Coin operated laundry on-site; Designated as “Multi-Unit Residential” in Oak Bay’s Official Community Plan, which supports a density of 1.9:1 FSR and up to eight (8) storeys in height. Can be purchased separately or as a package with 1530 Belcher Avenue (MLS #977779).
Location
State BC
County Capital Regional District
Area Ob Henderson
Exterior
Parking On Site 1
Others
Tax ID 005-407-800
Ownership Freehold
Listed by Colliers
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3775 Panorama Crescent, Chemainus, British Columbia, V0R 1K4, CAN