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For sale

1106 Balmoral Rd

Victoria, British Columbia

MLS® 1042904

$4,320,000

Status
Active
Property type
Multi-family
MLS® number
1042904
Bedrooms
Bathrooms
Year built
1912

Listing description

Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, ''The Normandie'' offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water.

Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1. 7km to Royal Jubilee Hospital, on a strong transit corridor.

A stable, well-maintained long-term hold priced to reflect a 5. 0% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA.

Contact listing agent for the complete offering package.

Property summary

MLS® number
1042904
Property type
Multi-family
Building type
Multi-Family
Title
Freehold
Land size
3600 square feet
Built in
1912
Annual property taxes
$18,465.80
Days on market
30 days

Features & details

Heating
Baseboard heaters, Electric
Cooling
None
Lot features
Central location, Corner Site, Other, Rectangular

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Generation, Victoria.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.