2312 Wark Street is a 1912 building converted into an 8 legal suite apartment. This rental property is ideally situated in the North Park and Quadra-Hillside neighborhoods, just on the outskirts of Victoria’s downtown. In 2016 there was a new concrete floor slab and foundation, new energy efficient gas boiler and hot water heater, new perimeter drainage system, and the construction of the 3 bedroom lower suite. There is secure bike storage and 10 on-site parking stalls with back alley access. Price reduced from $2,375,000 to $2,250,000 representing a 5.08% cap rate on stabilized, in place net income.