BCHomez.com Logo

BCHomez.com

Favorites

1120 Caledonia Ave, Victoria

MLS® #1037286
About this Property

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income, exceptional physical condition, and no known deferred maintenance. Pride of ownership is evident throughout and the condition of this property must be seen to be appreciated. Exceptionally clean, updated, and meticulously maintained suites offer bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, common coin operated laundry for tenants, and owner/caretaker utility and storage areas. Meticulously cared for over the years, this is a rare “plug and play” investment where the heavy lifting has already been done, allowing owners to step into a stable, income producing asset from day one. A rare and valuable feature, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique configuration provides versatility rarely found in multi unit investment properties. Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, schools, and major commuter routes, this central location continues to support strong tenant demand and long term rental stability. An exceptional opportunity to acquire a premium multi unit investment property in a prime Victoria location, offering strong existing income, exceptional condition, and compelling long term investment appeal. (id:62865)

Property Information

Status

Active

Year Built

1903

Property Type

Fourplex

Ownership

Freehold

Parking Spaces

4

Annual Tax

$6,073

Zoning

Residential

Parcel Number

001-234-455

Data Source

Victoria Real Estate Board

Interior Details

Bedrooms

7

Bathrooms

8

Living Area

5001 square feet

Exterior & Lot

Lot Size

6440.0 sqft

Building & Utilities

Heating

Baseboard heaters

Cooling

None

$1,975,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
7Beds
8Baths
5001sqft
Listing Courtesy of

Office

eXp Realty

Mortgage Calculator
$395,000

Loan Amount:

$1,580,000

Estimated Monthly Payment:

$7,700

This is an estimate for informational purposes only. Consult with a financial advisor.