504 Selkirk Ave

Multi-family For Sale in Victoria, British Columbia


The seller has had a professional appraisal done by commercial appraiser D.R. Coell & Associates to determine market value. The appraisal has come back at $1,650,000. Seller is motivated to sell and is encouraging offers. This is a great opportunity to purchase at less than appraised value! This 6 unit revenue property grosses $99,960/year with a 3.8% Cap Rate. Built in 1907 by Richard. F Stephens who operated a close by boatyard, this property overlooks Selkirk waterway. Steps to the water, bus stops, rec center, coffee shops, groceries, and minutes to downtown Victoria this location can't be beat. 5 legal suites with one unauthorized Suite, existing tenancy's in place with one vacant suite. Turnkey investment property ready for new ownership - this one is a moneymaker! Check out the Virtual Tour, Video, and Floor Plans! (id:4069)

Address 504 Selkirk Ave
List Price $1,499,000
Property Type Multi-family
Type of Dwelling Multi-Family
Area British Columbia
Sub-Area Victoria
Floor Area 3,810 Sq. Ft.
MLS® Number 845417
Listing Brokerage Coldwell Banker Oceanside Real Estate
Postal Code V9A2T1
Zoning RB-1

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Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 250-986-8900

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