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1850 Oak Bay Ave, Victoria, BC – $1,680,000

  • $1.7M Price
  • 3,810 Sqft
  • .13 Acres
  • 49 DOM
  • $1.7M Price
  • 3,810 Sqft
  • .13 Acres
  • 49 DOM

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1850 Oak Bay Ave

Rare commercial/residential property fronting Oak Bay Ave . The building has undergone renovations and upgrades and is in excellent condition . Ground floor commercial space is currently leased on a month to month lease.Main suite is a large two bedroom, two bathroom and is currently vacant. Top floor is a smaller two bedroom one bath suite and is currently vacant.Potential return on the whole building at market rent would be 3.9% on asking price. There may also be potential for development to a fourth floor multi family building. This would be an excellent holding property showing good returns with potential for further development .

Essential Information

  • MLS® #416253
  • Price$1,680,000
  • Square Footage3,810
  • Acres0.13
  • TypeCommercial
  • Sub-TypeRetail
  • StyleMixed Use
  • StatusCurrent
  • Taxes$6,572
  • Tax Year2019

Community Information

  • Address1850 Oak Bay Ave
  • SubdivisionVi Jubilee
  • CityVictoria
  • ProvinceBC
  • Postal CodeV8R 1C5

Interior

  • HeatingOil Forced Air, Baseboard

Exterior

  • ExteriorWood Siding
  • Exterior FeaturesOutdoor Lighting, Parking
  • Lot DescriptionLevel

Construction

Frame Wood, Insulation All, Slab, Windows Wood

Additional Information

  • Date ListedSeptember 25th, 2019
  • Days on Market49
  • ZoningCR-3

Listing Office

Pemberton Holmes Ltd. - Oak Bay

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.