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- $1.9M Price
- 7,427 Sqft
- .13 Acres
- 262 DOM
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845 Princess Ave
– $1,899,999
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 $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.
Essential Information
- MLS® #940548
- Price$1,899,999
- Bathrooms0
- Square Footage7,427
- Acres0.13
- Year Built1912
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
- Taxes$9,168
- Tax Year2023
Community Information
- Address845 Princess Ave
- AreaVi Central Park
- CityVictoria
- CountyCapital Regional District
- ProvinceBC
- Postal CodeV8T 1K7
Amenities
- Parking Spaces4
- ViewCity
Utilities
Cable To Lot, Electricity To Lot, Garbage, Natural Gas To Lot
Interior
- HeatingHot Water, Mixed, Oil
- # of Stories3
Exterior
- Exterior FeaturesBalcony/Patio, Security System
- ConstructionFrame Wood, Wood, Concrete
- FoundationPoured Concrete, Slab
Additional Information
- Days on Market262
- ZoningR-2 Duplex
Listing Office
Royal LePage Coast Capital - Chatterton
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.