$3,725,000

Investment For Sale In Fairfield, Victoria, British Columbia

$3,725,000

Property Information:

Pleased to offer for sale 1165 Meares Street, a completely rebuilt eleven (11) unit apartment building in one of Victoria’s most sought after neighborhoods. This primely located building underwent significant renovations throughout the entire building in 2009 providing investors with a hands-off investment opportunity. The subject property is centrally located within walking distance to the ocean, schools, cafes, grocery stores, and downtown Victoria. Features: - Favorable suite mix with five 2-bedroom units and six 1-bedroom units - Centrally located within walking distance to the ocean, schools, cafes, grocery stores, and downtown Victoria - Convenient and easy access to transit routes along Fort Street - Great upside upon tenant turnover (rents are currently below market).

Property Features:

  • Annual Tax Amount: $10,897
  • Built in: 1961
  • Floor Space (approx): 1 Square Feet
  • Lot Frontage: 7200 Square Feet
  • Lot Size: 7200.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Zoning: R3-AM-1
  • No. of Parking Spaces: 7

Courtesy of: Colliers

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.