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936 Queens Ave Victoria, British Columbia V8T 1M6

None Baseboard Heaters

$4,990,000

Completely Renovated! Each unit feels like a brand new condo inside! Stratify in the future? 7-suite character conversion facing south onto Central Park behind Crystal Pool. R-2 Family/Duplex zone, this property comprises: 3 legal One bedroom/studio suites on the ground floor; 2 main-level 2 bedroom suites - each with front entrance and backyard entrance; 2 upper floor suites, each with 2 bedrooms and a den. All suites have in-suite laundry, brand new appliances and separate BC Hydro meter. Separate secure bike storage in the backyard. Space for garden boxes. Move-in ready. Five suites rented out already - two suites still vacant (as of Feb 1). Potential Stabilized Effective Gross Income (EGI) of almost $18,000 per month. CMHC 5-year historical vacancy rate 1.3%. Building plans in supplements. Showings to be coordinated during business hours (9 am to 5 pm). All measurements to be verified. Property Taxes $7,389 in 2023. This one will earn well in any portfolio - long into the future! (id:29647)

Property Details

MLS® Number 947294
Property Type Multi-family
Neigbourhood Central Park
Features Central Location, Park Setting
View Type City View

Building

Constructed Date 1914
Cooling Type None
Fireplace Present No
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Exterior 5880 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 6400
Size Total 6400 Sqft
Size Total Text 6400 Sqft
Zoning Description R-2
Zoning Type Unknown

https://www.realtor.ca/real-estate/26229381/936-queens-ave-victoria-central-park


RE/MAX Camosun
2239 Oak Bay Ave
Victoria, British Columbia V8R 1G4

(250) 370-7788
(250) 370-2657

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