2220 Cook St - Apartments FOR SALE


Victoria, BC V8T 3R2
$1,395,000 CAD
250-414-8387

NO PHOTO

$1,395,000 CAD
Apartments - FOR SALE
null | 6.23% Cap Rate

2220 Cook St
Victoria, BC V8T 3R2


HIGHLIGHTS

  • Upgraded electrical and heating
  • New roof 2019
  • New hot water tank
  • Site specific zoning in perpetuity to allow eight (8) one (1) bedroom units
  • Parking on site
  • Conveniently close to the City Centre

OVERVIEW

Opportunity to purchase a carefree investment at a 6% capitalization rate. The tenant (VIHA) looks after all utilities and management of the building. Located in the North Park neighbourhood on the west side of Cook Street at Queens Avenue. The North Park neighbourhood offers many amenities including the Crystal Pool, Royal Athletic Park, with North Park Village to the south and Quadra Village to the north west. The subject property is designated as Core Residential and the surrounding buildings are similar in nature.

FOR SALE DETAILS

PRICE

$1,395,000 CAD

PRICE/SF

$279 CAD /SF

# OF UNITS

8

PRICE/UNIT

$174,375

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R93

APN/PARCEL ID

031137890

ASK ABOUT THIS PROPERTY

Gail ReaneyColliersMore Info
250-414-8387

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Gail ReaneyColliersMore Info
250-414-8387

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