You are invited to this rare opportunity to acquire the jewel at Central Park and Crystal Pool Recreation Centre. A 13 suite revenue & character apartment building, mere blocks to Downtown and on all bus routes. Corrected Current Gross Effective Income greater than $157,000+. 6.3% Cap Rate; improved easily upon gentle stabilization. Professionally managed and meticulously cared for 5 1BR self contained suites and 7 studio and 1BR suites with shared amenities. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming Bonused FSR (Floor Space Ratio) allows up to 14 units. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to dropbox financials with a signed confidentiality agreement. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with Listing Agent.
| Address |
845 Princess Ave |
| List Price |
$1,789,999 |
| Property Type |
Commercial Sale |
| Type of Dwelling |
Multi Family |
| Area |
Victoria |
| Sub-Area |
Vi Central Park |
| Lot Size |
6000 Sq. Ft. |
| Lot Size Acres |
0.13 Ac. |
| Year Built |
1912 |
| MLS® Number |
979663 |
| Listing Brokerage |
Royal LePage Coast Capital - Chatterton
|
| Postal Code |
V8T 1K7 |
| Tax Amount |
$9,168 |
| Tax Year |
2024 |
| Features |
Hot Water, Mixed, Mixed, Oil |
| Amenities |
Balcony/Patio, Central Location, Level, Rectangular Lot, Security System |
