936 Queens Ave

Multi-family For Sale in Victoria, British Columbia

$4,990,000

Completely Renovated! Each unit feels like a brand new condo inside! Stratify in the future? 7-suite character conversion facing south onto Central Park behind Crystal Pool. R-2 Family/Duplex zone, this property comprises: 3 legal One bedroom/studio suites on the ground floor; 2 main-level 2 bedroom suites - each with front entrance and backyard entrance; 2 upper floor suites, each with 2 bedrooms and a den. All suites have in-suite laundry, brand new appliances and separate BC Hydro meter. Separate secure bike storage in the backyard. Space for garden boxes. Move-in ready. Five suites rented out already - two suites still vacant (as of Feb 1). Potential Stabilized Effective Gross Income (EGI) of almost $18,000 per month. CMHC 5-year historical vacancy rate 1.3%. Building plans in supplements. Showings to be coordinated during business hours (9 am to 5 pm). All measurements to be verified. Property Taxes $7,389 in 2023. This one will earn well in any portfolio - long into the future! (id:4069)
Address 936 Queens Ave
List Price $4,990,000
Property Type Multi-family
Type of Dwelling Multi-Family
Area British Columbia
Sub-Area Victoria
Lot Size 6400 Sq. Ft.
Year Built 1914
MLS® Number 947294
Listing Brokerage RE/MAX Camosun
Postal Code V8T1M6
Zoning R-2
Site Influences View
Features Central location, Park setting

Request More Info or a Showing

Kane Ryan

Pemberton Holmes

1007 Johnson St Victoria BC V8V 3N8

Office: 250-986-8900

Email Directly