1401 Fort St - Apartments FOR SALE


Victoria, BC V8S 1Y9
$3,600,000 CAD
604-647-1352
1401 Fort St, Victoria, BC for Sale
$3,600,000 CAD
Apartments - FOR SALE
1/7
null | 4.75% Cap Rate

1401 Fort St
Victoria, BC V8S 1Y9


HIGHLIGHTS

  • Significant rental upside (rents are 23% below market)
  • Connected to major transport corridors giving immediate access to downtown Victoria
  • Nearby an abundance of shopping, services and amenities
  • Dishwasher included in six (6) units
  • Covered car port available to tenants (7 stalls)
  • Primary heating source is via natural gas fireplaces in each suite (paid for by each tenant

OVERVIEW

The Avison Young Multi-Family Team is pleased to present the opportunity to acquire 1401 Fort Street, Victoria, BC (“the Property”) a 13-unit rental apartment building located in Victoria’s highly sought-after Rockland neighbourhood. This 3-storey wood-frame building is situated on a 10,222 sf lot and features a desirable mix of spacious one and two bedroom suites.

FOR SALE DETAILS

PRICE

$3,600,000 CAD

PRICE/SF

$210 CAD /SF

# OF UNITS

13

PRICE/UNIT

$276,923

CAP RATE

4.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,233 SF

ZONING

R3-AM-2

APN/PARCEL ID

368130

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.