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845 Princess Ave

Princess AveNorth ParkVictoriaBC, V8T 1K7

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Beds
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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
17 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
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Build

Year Built
1912
Model Name
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Basement
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Exterior
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Foundation
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Builder Name
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Stories
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Flooring
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Roof
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Heating & Cooling

Heating
Hot Water
Cooling
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Ownership Details

Ownership

Title
Freehold
Zoning
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Source

Listing Brokerage

MLS® Listing
979663
Last Updated
November 4, 2024
Brokerage
Royal LePage Coast Capital - Chatterton
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