450 Maquinna Cres Gold River, British Columbia V0P 1G0
$2,700,000
Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call listing agents for an NDA to receive financials. (id:29647)
Property Details
| MLS® Number | 957213 |
| Property Type | Multi-family |
| Neigbourhood | Gold River |
| Features | Corner Site |
| Plan | Vip19924 |
| View Type | Mountain View |
Building
| Constructed Date | 1967 |
| Fire Protection | Fire Alarm System |
| Fireplace Present | No |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Exterior | 1 Sqft |
| Type | Multi-family |
Land
| Acreage | Yes |
| Size Irregular | 3.87 |
| Size Total | 3.87 Ac |
| Size Total Text | 3.87 Ac |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/26665239/450-maquinna-cres-gold-river-gold-river
200-569 Johnson St
Victoria, British Columbia V8W 1M2
(250) 381-2265
(250) 381-7803
www.naivictoria.ca/
200-569 Johnson St
Victoria, British Columbia V8W 1M2
(250) 381-2265
(250) 381-7803
www.naivictoria.ca/
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Victoria Real Estate Board
Nai Commercial (Victoria) Inc.
April 15 2024 10:24:32
