845 Princess Ave

Multi-family For Sale in Victoria, British Columbia

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:4069)
Address 845 Princess Ave
List Price $1,899,999
Property Type Multi-family
Type of Dwelling Multi-Family
Area British Columbia
Sub-Area Victoria
Lot Size 6000 Sq. Ft.
Year Built 1912
MLS® Number 940548
Listing Brokerage Royal LePage Coast Capital - Chatterton
Postal Code V8T1K7
Zoning R-2 Duplex
Features Central location, Level lot, Rectangular

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Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 250-986-8900

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