Multi Family located in Victoria - Vi Central Park, V8T 1K7
sqft, Beds, Baths
Listed by Cameron StewartRoyal LePage Coast Capital - Chatterton - Listed On: November 4, 2024
- Built in: 1912
- Type: Commercial Sale
- Exterior Features: Balcony/Patio, Security System,
- Heating: Hot Water, Oil, Mixed,
- Flooring: Array
- Foundation Details: Concrete Perimeter, Slab,
- Lot Size: 0.13 acres
- Total Parking: 4
- Parking Features: On Site,
- Features: Central Location, Level, Rectangular Lot,
- View: Array
- Zoning: R-2 Duplex
Description
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 $157,000+. Offered at 6.3% Cap Rate; improved further 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.