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info@victoriahomes.com +1(250) 294-6683

Listed by Ron Cunningham DFH Real Estate Ltd.

$3,495,000

Est. payment - /mo

5,545 SqFt

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UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,545 sqft

Price per Sqft $630

MLS Listing ID 1029992

HOA Y/N No

Year Built 1912

Annual Tax Amount $12,696

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Multi Family

Property Description

Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.

Location

Province BC

County Capital Regional District

Community Vi Fairfield West

Area Victoria

Zoning Apartment GRD-1

Direction Located on the corner of Vancouver St & Southgate St. Steps to Beacon Hill Park and minutes to Cook St Village & Downtown.

Interior

Heating Baseboard

Flooring Carpet, Hardwood, Tile, Vinyl

Fireplace No

Exterior

Exterior Feature Balcony, Fencing: Partial

Parking Features On Site

View Y/N No

Street Surface Paved

Garage No

Building

Lot Description Central Location, Corner Lot, Curb & Gutter, Easy Access, Landscaped, Level, Sidewalk

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

Special Listing Condition Updated/Remodeled

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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+1(250) 294-6683

info@victoriahomes.com

202-3440 Douglas St, Victoria, V8Z 3L5, Canada

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421 Vancouver St Victoria, BC V8V 3T4