614 Esquimalt Rd
Victoria, British Columbia
MLS® 1051464
$2,799,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1051464
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1969
Listing description
LOFT 614 | WEST BAY · VICTORIA WEST – 11-unit income-producing apartment building offered at $2. 8M in an exceptional Victoria West location near West Bay and the harbour waterfront. Suite mix includes 9 one-bedroom apartments approx.
600 SF each + 2 two-bedroom apartments approx. 750 SF each. Currently 9 occupied, 1 vacant and 1 under renovation, creating immediate lease-up and income-growth potential.
2025 reported NOI approx. $110,003, representing a 3. 93% cap rate.
Based on supplied scheduled rents and tax-adjusted expenses, illustrative full occupancy produces approx. $134,655 NOI / 4. 81% cap.
Approx. 7,446 SF building with 12 parking spaces reported, shared laundry, lockers and bike storage. LI-1 zoning with site-specific residential permission for 614 Esquimalt if constructed before Jan.
1, 1975. Income today. Upside tomorrow.
Own a piece of Victoria West. Buyer to verify all information. Due diligence package available.
Property summary
- MLS® number
- 1051464
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 12820 square feet
- Built in
- 1969
- Annual property taxes
- $13,530.50
- Parking
- 12 spaces
- Days on market
- 8 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Lot features
- Central location, Private setting, Irregular lot size, Other
- View
- City view, Ocean view
What would this home cost you?
Based on the $2,799,999 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 Coldwell Banker Universe Realty, Vancouver.
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.