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Malika Apartments 1258 Yates St
20 Unit Apartment Building For Sale Victoria, BC V8V 3N3
Investment Highlights
- Tenant storage lockers & bike storage
- Extremely central location, steps from schools, parks, and a full range of amenities
- Coin-op laundry in building (2 washers | 2 dryers)
Executive Summary
CBRE Limited has been engaged by the Receiver through a Court-Order (the “Vendor”) to offer for sale 1258 Yates Street in Victoria, BC (the “Property”) — an exceptionally well-located 20-unit apartment building. Located blocks from Downtown Victoria, in the desirable rental neighbourhood of Fernwood, the ‘Malika Apartments’ is a 3-storey, 17,400 SF building, on 17,760 SF of land. The Property offers double exposure, with frontage on both Yates and Johnson Street, as well as 20 surface parking stalls, storage lockers and coin-op laundry.
Property Facts
| Sale Type | Investment | Lot Size | 0.41 AC |
| No. Units | 20 | Building Size | 17,400 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low Rise | Parking Ratio | 1.15/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 17,400 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 1.15/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,123 CAD | - |
| 1+1 | 4 | $1,448 CAD | - |
| 2+1 | 10 | $1,899 CAD | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (95)
zoning
| Zoning Code | R3-2 |
| R3-2 |
Contacts
-
Ross Marshall, PREC -
Chris Rust -
Carter Kerzner -
Tony Quattrin, PREC -
CBRE, Limited
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Malika Apartments | 1258 Yates St
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