604-640-5871
1180 Fort St, Victoria, BC for Sale
Apartments - FOR SALE
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1180 Fort St
Victoria, BC V8V 3K8


HIGHLIGHTS

  • Located in Victoria’s prestigious Rockland neighborhood.
  • 46-suite apartment block with consistent capital upgrades.
  • 42% rental upside with below-market in-place rents.
  • Walk Score 93, Transit Score 86, Bike Score 97.
  • Steps from downtown, parks, and cultural landmarks.
  • Efficient 28% operating expense ratio with strong NOI.

OVERVIEW

Cushman & Wakefield, on behalf of Lantern Properties Ltd, proudly presents Somerset Place located at 1180 Fort Street, in the Rockland Neighbourhood of Victoria, BC. Somerset Place is a three-storey, wood-framed low-rise apartment block which houses 46 rental suites comprised of approximately 25,998 sf of rentable area. The building is maintained to an exceptional standard benefiting from consistent capital upgrades being applied to the asset. The Property is located in the historic Rockland neighbourhood of Victoria, and surrounded by a range of amenities, including shops, restaurants, parks, and cultural attractions. It’s tranquil streets and historic charm make it a sought-after residential area in the capital region.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

46

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Somerset Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,646 SF

ZONING

R3-1

APN/PARCEL ID

001-182-927

ASK ABOUT THIS PROPERTY

David VenanceCushman & WakefieldMore Info
604-640-5871

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David VenanceCushman & WakefieldMore Info
604-640-5871

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