845 Princess Ave, Victoria, BC

$1,899,999

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7,427

Square feet

0.13

Acres

About 845 Princess Ave

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 $137,000. Offered at 4.8% 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.

Features of 845 Princess Ave

MLS® # 940548
Price $1,899,999
Bathrooms 0.00
Square Footage 7,427
Acres 0.13
Year Built 1912
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 845 Princess Ave
Area Vi Central Park
City Victoria
County Capital Regional District
Province BC
Postal Code V8T 1K7

Amenities

Utilities Cable To Lot, Electricity To Lot, Garbage, Natural Gas To Lot
Parking Spaces 4
View City
Is Waterfront No
Has Pool No

Interior

Heating Hot Water, Mixed, Oil
Fireplace No
# of Stories 3

Exterior

Exterior Features Balcony/Patio, Security System
Construction Frame Wood, Wood, Concrete
Foundation Poured Concrete, Slab

Additional Information

Days on Market 251
Zoning R-2 Duplex

Listing Details

OfficeRoyal LePage Coast Capital - Chatterton

Listing Map

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