2312 Wark St - Apartments FOR SALE


Victoria, BC V8T 4G6
$2,100,000 CAD
250-414-8373
2312 Wark St, Victoria, BC for Sale
$2,100,000 CAD
Apartments - FOR SALE
1/1
null | 5.44% Cap Rate

2312 Wark St
Victoria, BC V8T 4G6


OVERVIEW

The subject property features a two-and-a-half-storey wood-frame apartment building that has been converted into eight (8) legal suites. These include one (1) studio suite, five (5) one-bedroom suites, one (1) two-bedroom suite, and one (1) three-bedroom suite. The property offers on-site parking for up to 10 vehicles, and most suites include balconies or patios. Rent covers hot water and heating for all suites, except for the three-bedroom suite, which is responsible for its own electric heating costs. The two-bedroom suite has in-suite laundry, while the remaining suites have access to on-site laundry machines owned by the Landlord. Each suite is individually metered for electricity, with tenants directly responsible for their usage.

FOR SALE DETAILS

PRICE

$2,100,000 CAD

PRICE/SF

$487 CAD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,048 SF

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Grant EvansColliersMore Info
250-414-8373

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Grant EvansColliersMore Info
250-414-8373

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