- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1051464
- Year Built:
- 1969
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11-unit Victoria West apartment investment near West Bay. 9 one-bedroom suites approx. 600 SF + 2 two-bedroom suites approx. 750 SF. 2025 reported NOI $110,003 (3.93% cap at $2.8M). 9 occupied, 1 vacant + 1 under renovation offer lease-up upside. Illustrative full-occupancy NOI approx. $134,655 / 4.81% cap. LI-1 zoning with site-specific residential use permitted if constructed before Jan. 1, 1975. Full due diligence package available. 1.25% Buyer Agent Commission.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Year built:
- 1969 (Age: 57)
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
- Signup
- Listing General Location:
- VW Victoria West, Victoria West
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 12,820 sq. ft.
- Lot Details:
- 81.5 sf x 212 sf irregular
- Taxes:
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- Building Features:
- Bike Storage, Fire Alarm, Laundry Room, Parking, Shopping Nearby, Storage Room
- Construction:
- Frame Wood, Stucco
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Number of Storeys:
- 4
- Ceiling Heights:
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- Floor finish:
- Carpet, Wood
- Total Building Area:
- 7,446 sq. ft.
- Leasable Area:
- 6,900 sq. ft.
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Parking
- City, Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Operational Expense Per Sq Ft:
- 8.11
- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Occupancy:
- Tenant
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Connected, Electricity Available, Electricity Connected, Garbage, Phone Available, Recycling
- Lot Site Features:
- Adult-Oriented Neighbourhood, Central Location, Irregular Lot, Private, Shopping Nearby, Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 12
- Road Frontage Type:
- Lane
- Road Surface Type:
- Unimproved
- Total Units:
- Signup
- Date Listed:
- Sep 28, 2026
- Original Price:
- 2799999.0
-
Photo 1 of 1
Listed by Coldwell Banker Universe Realty
Data was last updated October 5, 2026 at 08:05 PM (UTC)
- MELISSA THIMOT
- COLDWELL BANKER OCEANSIDE REALTY
- 1 (250) 6862500
- Contact by Email
Coldwell Banker Oceanside Real Estate
Location
3194 Douglas Street
Victoria, BC, V8Z 3K6