250 Gorge Rd, Saanich, BC V9A 1M6
250 Gorge Rd, Saanich, BC V9A 1M6
250 Gorge Rd, Saanich, BC V9A 1M6
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Alex Burns

Alex Burns

+1(250) 882-3335
Listing by Carey Buntain Avison Young Commercial Real Estate Services, LP
$8,900,000
Est. payment /mo
23,052 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,052 sqft

Price per Sqft $386

MLS Listing ID 1050247

HOA Y/N No

Year Built 1969

Annual Tax Amount $44,479

Tax Year 2026

Property Sub-Type Multi Family

Property Description

The Avison Young Multi-Family Team is pleased to present Gorge Terrace, an extremely well-maintained 36-suite rental apartment building situated adjacent to the Gorge Waterway and Gorge Shopping Centre. The Property occupies a 34,611-sf corner site and has benefited from approximately $490,000 in capital improvements since 2021, including new windows and balconies and 16 fully renovated suites with dishwashers and stainless-steel appliances. Gorge Terrace offers stable in-place income with the opportunity to save on Property Transfer Tax through a bare trust share sale.

Location

Province BC

County Capital Regional District

Community Sw Gorge

Area Saanich West

Interior

Heating Baseboard, Hot Water

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Building

Water Municipal

Others

Ownership Freehold

Acceptable Financing Clear Title

Listing Terms Clear Title

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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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Alex Burns

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+1(250) 882-3335

info@victoriahomes.com

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

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