681 Herald St - Apartments FOR SALE


Victoria, BC V8W 1S8
$4,500,000 CAD
250-414-8378
681 Herald St, Victoria, BC for Sale
$4,500,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

681 Herald St
Victoria, BC V8W 1S8


HIGHLIGHTS

  • Well maintained apartment building with little to no cap ex required.
  • Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.
  • Below market rents offering great upside upon tenant turnover.
  • Ideally located in downtown Victoria just steps from grocery stores, cafes, restaurants, shopping and major transit corridors.

OVERVIEW

Colliers is pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria’s downtown core. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$450 CAD /SF

# OF UNITS

17

PRICE/UNIT

$264,706

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,202 SF

ZONING

OTD-1

APN/PARCEL ID

009-375-767

ASK ABOUT THIS PROPERTY

John FayadColliersMore Info
250-414-8378

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John FayadColliersMore Info
250-414-8378

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