Listings

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 $125,000. 4.0% 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! Stay tuned for the viewing schedule coming in January 2023!

Excellent Investment Opportunity!   Completely vacant 6 unit character conversion at Central Park & Crystal Pool. This coveted legal, non-conforming conversion; R-2 Family/Duplex zone comprises: 3 legal suites at 940 Queens Ave. & 2 legal suites + 1 unauthorized suite at 936 Queens Ave. Move-in ready or get renovating immediately upon possession.   Potential Stabilized Effective Gross Income (EGI) over $12,000/mo.! CMHC vacancy 0.9%. Consult Schedule G for unauthorized dwelling unit. New 400A Electrical hardware installed in 2021 should new ownership wish to continue upgrading this old gem. Occupancy Permit in Supplements. New roof approx. 2011. Showing Schedule on Touchbase. All measurements to be verified. Owner currently pays above-ground oil-fired radiant heat & domestic gas-fired hot water. Unverified 2020 expense roll:Property Tax $7,600; City Utilities $1,262; Insurance $5,356; Hydro $1,460; Fortis $680; Oil $4,838. Typical expense ratios ~30% of EGI.   This one will earn well in any portfolio!

735 sqft Multi-disciplinary Retail/Office/Clinic Commercial Strata at 102-627 Brookside Dr. in coveted Westcoast meets Tuscan three building strata development complex, constructed in 2008. See Floor Plans for functionality. Current layout sees an administrative office greeting clients through a large exercise flex room, leading to a large bathroom and two separate treatment rooms. Potential Live:Work scenario (Upon Strata Approval); pet friendly; and limited rental options per bylaws, attached. Dual entrance with Brookside commercial walk-up access to parking and pathway frontage. Prior-Approved Rough-ins for Laundry and completed HVAC improvements for added practitioner/principal/client comfort. Neighboring Red Barn Market & ideally located close to Olympic View Golf Course and the Royal Bay Community. Exciting opportunity to stake a claim in one of the fastest growing commercial corridors in Victoria. All measurements to be verified. Showings preapproved outside of operating hours.

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. Oceanside parks and cycling paths, in the heart of Cook St. Village. Potential bonus density afforded by Schedule G self-contained dwelling units bylaw to optimize your rent roll further. Coveted Legal, Non-Conforming 46% Bonus FSR (Floor Space Ratio) and rentable floor area as compared to R1-B zoning due to a legal Multifamily conversion in 1964. Corrected Current Gross Effective Income >$110,000. 4.7% Cap Rate improved upon gentle stabilization. Rental Upside provides lots of room to grow your yield. CMHC vacancy reports an average of 0.9% for rental configurations in Cook St. Village, always commanding some of the highest rents in Victoria. CMHC reduced DSCR hurdle rate and SRO (Single Room Occupancy) program potentially eligible for easy financing. Professionally managed and meticulously cared for 3 two bedroom & 1 one bedroom self-contained suites plus 6 studio suites with 3 shared three piece washrooms, just steps from Bus routes, the Village amenities, park access and views. New roof in 2018. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available […]