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- $2.7M Price
- 1 Sqft
- 3.87 Acres
- 35 DOM
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450 Maquinna Cres
– $2,700,000
Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call agents for an NDA to receive financials.
Essential Information
- MLS® #957213
- Price$2,700,000
- Bathrooms0
- Square Footage1
- Acres3.87
- Year Built1967
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
- Taxes$5,333
- Tax Year2023
Community Information
- Address450 Maquinna Cres
- AreaNI Gold River
- CityGold River
- CountyGold River, Village of
- ProvinceBC
- Postal CodeV0P 1G0
Amenities
- ViewMountain(s)
Utilities
Electricity To Lot, Garbage, Phone To Lot, Cable To Lot
Interior
- HeatingBaseboard, Electric
Exterior
- Exterior FeaturesBalcony/Patio, Balcony/Deck
- ConstructionFrame Wood
- FoundationSlab, Block
Additional Information
- Listing OfficeNAI Commercial (Victoria) Inc.
- Days on Market35
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.