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845 Princess Ave Victoria, British Columbia V8T 1K7

Hot Water

$1,999,999

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:24231)

Property Details

MLS® Number 920807
Property Type Multi-family
Neigbourhood Central Park
Features Level Lot, Rectangular
Parking Space Total 4
Plan 62

Building

Constructed Date 1912
Fire Protection Fire Alarm System
Fireplace Present No
Heating Type Hot Water
Size Exterior 7427 Sqft
Type Multi-family

Land

Access Type Road Access
Acreage No
Size Irregular 6000
Size Total 6000 Sqft
Size Total Text 6000 Sqft
Zoning Description R-2 Duplex
Zoning Type Unknown

https://www.realtor.ca/real-estate/25160499/845-princess-ave-victoria-central-park

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