1120 MAY VICTORIA

Fairfield-West neighbourhood of Victoria British Columbia Canada V8V 2S5
$2,288,000

1120 MAY VICTORIA

  • Price: $2,288,000
  • MLS Number: 871682
  • Square Footage: 6582 Sq Ft
  • Property Type: Residential

You are invited to this rare opportunity to acquire the jewel at Beacon Hill Park. A 10 suite revenue & character apartment building, 3 blocks to Dallas Rd.and in the heart of Cook St. Village. Corrected Current Gross Effective Income greater than $110,000. 4.7% Cap Rate improved upon gentle stabilization. Professionally managed and meticulously cared for 3 2BR + 1 1BR self contained suites and 6 studio suites with shared amenities just steps from bus routes. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming 46% Bonused FSR (Floor Space Ratio). New roof in 2018.

Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to financials with a signed confidentiality agreement; see flyer link attached and request password from listing agent. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.

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Listing Brokerage: Royal LePage Coast Capital - Chatterton

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