845 Princess Ave Victoria, British Columbia V8T 1K7

Hot Water


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 940548
Property Type Multi-family
Neigbourhood Central Park
Features Central Location, Level Lot, Rectangular
Parking Space Total 4
Plan 62
View Type City View


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


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



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