450 Maquinna Cres, Gold River, BC, V0P 1G0

Investment For Sale In Gold River, British Columbia

$2,700,000

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450 Maquinna Cres, Gold River, BC - Outdoor With View

450 Maquinna Cres, Gold River, BC - Outdoor

450 Maquinna Cres, Gold River, BC - Indoor Photo Showing Other Room

450 Maquinna Cres, Gold River, BC - Indoor Photo Showing Kitchen With Double Sink

450 Maquinna Cres, Gold River, BC - Indoor

450 Maquinna Cres, Gold River, BC - Indoor Photo Showing Bathroom

450 Maquinna Cres, Gold River, BC - Indoor Photo Showing Basement

450 Maquinna Cres, Gold River, BC - Other

450 Maquinna Cres, Gold River, BC - Photo Showing Other Room

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450 Maquinna Cres, Gold River, BC, V0P 1G0

$2,700,000

Property Information:

Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes.Call agents for an NDA to receive financials.

Property Features:

Annual Tax Amount: $5,333
Building Features: Fire Alarm, Laundry Room, Parking, Storage Room
Built in: 1967
Construction Materials: Frame Wood
Exterior Features: Balcony/Deck, Balcony/Patio
Floor Space (approx): 1 Square Feet
Flooring: Carpet, Laminate
Foundation Details: Block, Slab
Heating: Baseboard, Electric
Lot Features: Corner Lot
Lot Frontage: 168577 Square Feet
Lot Size: 3.87 Acres
Ownership: Freehold
Parking Features: On Site
Property Condition: Updated/Remodeled
Property Sub Type: Multi Family
Road Frontage Type: Highway, Street
Road Surface Type: Paved
Utilities: Cable Connected, Electricity Connected, Garbage, Phone Connected
View: Mountain(s)
Water Source: Municipal
Sewer:

Courtesy of: NAI Commercial (Victoria) Inc.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Location of 450 Maquinna Cres, Gold River, BC, V0P 1G0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Relatively Low

19 hot days expected in 2050

Projected Storm Risk: Exteme

15 storms expected in 2050

Projected Heat Risk: Relatively Low

19 hot days expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 450 Maquinna Cres , experiences 7 hot days per year at around 26.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 19 hot days at 29.4 degrees Celsius.

Projected Avg. Temperature

Past

26.8℃

2050

29.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Exteme

15 storms expected in 2050

98/100

Exteme

ClimateCheck®

Current data

This property, 450 Maquinna Cres , experiences 13 significant 2-day storms per year, with about 976mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 1144.1mm of precipitation per year.

Precipitation Per Storm

Past

976mm

2050

1144.1mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 450 Maquinna Cres, Gold River, BC, V0P 1G0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,236.15

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.58 %

High school certificate or equivalent

35.23 %

Apprenticeship trade certificate/diploma

14.11 %

College/non-university certificate

19.81 %

University Degree

10.27 %

Commuter

Travel To Work

By Car

86.09 %

By Public Transit

0.0 %

By Walking

8.44 %

By Bicycle

0.0 %

By Other Methods

5.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

1.42 %

Houses

98.58 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 450 Maquinna Cres, Gold River, BC, V0P 1G0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 450 Maquinna Cres, Gold River, BC, V0P 1G0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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