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1913 Duchess St, Victoria

MLS® #1032123
About this Property

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)

Property Information

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

Interior Details

Bedrooms

6

Bathrooms

5

Living Area

3465 square feet

Exterior & Lot

Lot Size

6180.0 sqft

Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

None

$1,379,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
6Beds
5Baths
3465sqft
Listing Courtesy of

Office

Clover Residential Ltd.

Mortgage Calculator
$275,800

Loan Amount:

$1,103,200

Estimated Monthly Payment:

$5,376

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