1060 Pakington St - Apartments FOR SALE


Victoria, BC V8V 3A1
$10,250,000 CAD
604-647-1352
1060 Pakington St, Victoria, BC for Sale
$10,250,000 CAD
Apartments - FOR SALE
1/5
null | 4.5% Cap Rate

1060 Pakington St
Victoria, BC V8V 3A1


HIGHLIGHTS

  • Large double-pane windows throughout
  • Electric baseboard heaters (paid by the tenants)
  • Suites individually metered for hydro (paid by the tenants)
  • 100-amp breaker panels in each unit
  • Upgraded Montgomery hydraulic elevator system
  • New Mircom intercom system

OVERVIEW

Avison Young’s Multi-Family Team is pleased to present Park Royal Manor, a rare value-add opportunity featuring a 33-unit rental apartment building located at 1060 Pakington Street in Victoria, British Columbia (the “Property”). The Property is a well-maintained multifamily asset offering a strong going-in yield for investors, along with significant upside in rental revenue upon unit turnover. Ideally situated in Victoria’s inner core—minutes from Downtown Victoria, steps from Cook Street Village, and surrounded by premier amenities—Park Royal Manor represents a unique investment opportunity with substantial potential to capitalize on one of Canada’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$10,250,000 CAD

PRICE/SF

$475 CAD /SF

# OF UNITS

33

PRICE/UNIT

$310,606

CAP RATE

4.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,600 SF

ZONING

R3-AM-1

APN/PARCEL ID

003-819-442

ASK ABOUT THIS PROPERTY

Carey BuntainAvison YoungMore Info
604-647-1352

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Carey BuntainAvison YoungMore Info
604-647-1352

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