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1016 N Park St

N Park StNorth ParkVictoriaBC, V8T 1C6

8
Beds
4
Baths
4,801
Sq. Ft.
$2,075,000
List Price
1016 N Park St, Victoria, BC - 1 of 3
1016 N Park St, Victoria, BC - 2 of 3
1016 N Park St, Victoria, BC - 3 of 3
50 days on market

Quick Summary

  • Extensively renovated and upgraded quadraplex
  • Priced below assessed value for turn-key property
  • Generates $9,400 monthly cash flow from 4 units
  • Flexible zoning allows for residential and commercial use
  • Substantial development potential with neighboring properties
  • Includes 8 bedrooms, 4 bathrooms, and 6 parking stalls
  • Fully separate units with individual kitchens and laundry
  • Designed for low-maintenance residential rental market

Quadraplex on North Park, better than new condition & UNDER assessed value! Turn key, extensively renovated & upgraded, would make an ideal extended family or shared investment. 4 great fully separate units (both sides of full side by side duplex each with an existing non-conforming suite) generating $9400/mo cash flow! 8 Beds, 4 Baths, 4... Show More

Quadraplex on North Park, better than new condition & UNDER assessed value! Turn key, extensively renovated & upgraded, would make an ideal extended family or shared investment. 4 great fully separate units (both sides of full side by side duplex each with an existing non-conforming suite) generating $9400/mo cash flow! 8 Beds, 4 Baths, 4 Kitchens, 4 sep laundry & 6 off street Parking stalls. Two fantastic 3 bedroom upper units & Two huge 1 bedroom/studio's down. Full scale renovation in 2019 (interior/exterior) top to bottom from a reputable builder to high standard; built & designed for low maintenance on the residential rental market. Please see info package for more detail as to what was completed. Further value add with the substantial development potential if property assembled with neighbours who are open. Unique zoning with North Park Commercial Residential District already in place allows for flexible business & residential uses including live/work maker-spaces & multi-family. (id:54626)

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Property Details

Size

4,801 sq. ft.
26 total rooms
8 Beds
4 Baths
4 Full

Parking

6 Parking Spaces
-

Build

Year Built
1948
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air, Heat Pump
Cooling
Fully air conditioned
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Rooms

Patio

7′0″ x 12′0″

Patio

7′0″ x 12′0″

Bedroom

18′0″ x 18′0″

Bedroom

16′0″ x 18′0″

Entrance

9′0″ x 9′0″

Entrance

8′0″ x 9′0″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Source

Listing Brokerage

MLS® Listing
962467
Last Updated
May 29, 2024
Brokerage
DFH Real Estate Ltd.
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