1037 Wychbury Av - Apartments FOR SALE


Victoria, BC V9A 5K7
$5,490,000 CAD
604-662-5141
1037 Wychbury Av, Victoria, BC for Sale
$5,490,000 CAD
Apartments - FOR SALE
1/7
null | 4.27% Cap Rate

1037 Wychbury Av
Victoria, BC V9A 5K7


HIGHLIGHTS

  • Prominently located in a quite & safe residential neighbourhood and just 10 minutes from downtown Victoria.
  • The building has been well maintained by the current owners and is comprised of a balanced suite mix of spacious 1- and 2-bedroom units.
  • Conveniently located in close proximity to grocery anchored shopping, an abundance of schools, parks and recreation and just steps from transit.
  • Large 24,480 square foot land parcel, providing excellent curb appeal and prime frontage onto Wychbury Ave.
  • Secure revenue stream as the building has been professionally managed and has historically enjoyed a 100% occupancy rate.
  • With majority of the suites at below market rents averaging $1.64/SF there is a significant upside opportunity on turnover.

OVERVIEW

The CBRE National Apartment Group- BC is pleased to present the opportunity to acquire a well maintained four-storey, 24-suite boutique rental apartment building centrally located in Esquimalt, in close proximity to a cross section of tenant friendly amenities and only a 10-minute drive to Downtown Victoria. The building is ideally situated on a quiet street and offers purchasers an attractive suite mix with significant upside in rents upon tenant turnover.

FOR SALE DETAILS

PRICE

$5,490,000 CAD

PRICE/SF

$183 CAD /SF

# OF UNITS

24

PRICE/UNIT

$228,750

CAP RATE

4.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wychbury Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1976

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,634 SF

ZONING

RM-4

APN/PARCEL ID

004-391-306

ASK ABOUT THIS PROPERTY

Lance CoulsonCBRE, LimitedMore Info
604-662-5141

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Lance CoulsonCBRE, LimitedMore Info
604-662-5141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.