681 Herald St, Victoria, BC, V8W 1S8

MLS® # 1015639

Investment For Sale In Victoria, British Columbia

$4,500,000

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681 Herald St, Victoria, BC - Outdoor With Facade

681 Herald St, Victoria, BC - Outdoor With Exterior

681 Herald St, Victoria, BC - Outdoor With View

681 Herald St, Victoria, BC - Indoor Photo Showing Kitchen

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681 Herald St, Victoria, BC, V8W 1S8

$4,500,000

Property Information:

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. This well maintained apartment building features 16 bachelor suites, and one two-bedroom suite, with shared coin operated laundry available on-site. Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.

Property Features:

Annual Tax Amount: $16,683
Floor Space (approx): 8631 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family

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.

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Market Price Trends

All Properties

-9.42%

Price change (1 year)

5.0%

Price change (5 years)

Location of 681 Herald St, Victoria, BC, V8W 1S8

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: Moderate-Low

22 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

25/100

Moderate-Low

ClimateCheck®

Current data

This property, 681 Herald St , experiences 7 hot days per year at around 27.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 22 hot days at 30.4 degrees Celsius.

Projected Avg. Temperature

Past

27.5℃

2050

30.4℃

# 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 Precipitation Risk: High

13 storms expected in 2050

86/100

High

ClimateCheck®

Current data

This property, 681 Herald St , experiences 12 significant 2-day storms per year, with about 494.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 567mm of precipitation per year.

Precipitation Per Storm

Past

494.1mm

2050

567mm

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 681 Herald St, Victoria, BC, V8W 1S8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$100,384.27

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.52 %

High school certificate or equivalent

27.64 %

Apprenticeship trade certificate/diploma

5.91 %

College/non-university certificate

18.5 %

University certificate (below bachelor)

2.13 %

University Degree

35.3 %

Commuter

Travel To Work

By Car

42.96 %

By Public Transit

9.81 %

By Walking

32.79 %

By Bicycle

7.31 %

By Other Methods

7.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

93.08 %

Houses

6.92 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

All Properties

Location of 681 Herald St, Victoria, BC, V8W 1S8

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 681 Herald St, Victoria, BC, V8W 1S8

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

681 Herald St, Victoria, BC, V8W 1S8

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing