1913 Duchess St, Victoria
Victoria's lowest entry point for a 5-unit revenue property rewards the right buyer with verified financials, stable tenancies, and income records going back over a decade. Professionally managed since March 2015, this investment includes 4×1-bed suites and 1×2-bed suite, 5 parking spots, bike storage, and coin laundry. Walkable access to groceries, transit, and services in Oak Bay/Jubilee is exactly what keeps the units filled, and gross annual revenue of $75,732 reflects stable, long-term tenancies. Hands-on investors have room to improve their cap rate: self-management eliminates management fees, and taking on the low-maintenance landscaping reduces operating costs further. This is the ideal entry point for the solo investor adding their first multi-unit to a growing portfolio, or a small group ready to put their capital to work together. (id:62865)
Status
Active
Year Built
1910
Property Type
Fourplex
Ownership
Freehold
Parking Spaces
5
Annual Tax
$7,156
Zoning
Multi-Family
Parcel Number
008-457-841
Data Source
Victoria Real Estate Board
Bedrooms
6
Bathrooms
5
Living Area
3465 square feet
Lot Size
6180.0 sqft
Heating
Baseboard heaters, Electric
Cooling
None
$1,379,000
Office
Clover Residential Ltd.
Loan Amount:
$1,103,200
Estimated Monthly Payment:
$5,376
This is an estimate for informational purposes only. Consult with a financial advisor.
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