421 Vancouver St
Victoria, British Columbia
MLS® 1029992
$3,495,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1029992
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1912
1 / 55Listing description
Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city!
This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5. 59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation.
GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.
Property summary
- MLS® number
- 1029992
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 7361 square feet
- Built in
- 1912
- Annual property taxes
- $12,696.00
- Days on market
- 145 days
Features & details
- Heating
- Baseboard heaters
- Lot features
- Central location, Curb & gutter, Level lot, Corner Site, Other
What would this home cost you?
Based on the $3,495,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of DFH Real Estate Ltd., 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.