map icon

845 Princess Ave

Princess AveNorth ParkVictoriaBC, V8T 1K7

-
Beds
-
Baths
$1,789,999
List Price
845 Princess Ave, Victoria, BC - 1 of 3
845 Princess Ave, Victoria, BC - 2 of 3
845 Princess Ave, Victoria, BC - 3 of 3
New
10 days on market

Quick Summary

  • Rare revenue & character apartment building
  • Blocks to Downtown with access to bus routes
  • Gross Effective Income greater than $157,000+
  • Attractive 6.3% Cap Rate with gentle stabilization
  • Professionally managed and meticulously cared for
  • Potential bonus density afforded by Schedule G bylaw
  • Coveted Legal, Non-Conforming Bonused FSR
  • Cherished in family portfolio for over 30 years

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 $157,000+. 6.3% Cap Rate; improved easily upon gentle stabilization.... Show More

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 $157,000+. 6.3% Cap Rate; improved easily 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 Listing Agent. (id:54626)

Property Details

Parking

4 Parking Spaces
-

Build

Year Built
1912
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Hot Water
Cooling
-

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
979663
Last Updated
November 4, 2024
Brokerage
Royal LePage Coast Capital - Chatterton
Powered by: REALTOR.ca
Call us 800-591-0566

Book A Private Showing

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.