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1333 Pandora Av
14 Unit Apartment Building $3,300,000 CAD ($235,714 CAD/Unit) 3.82% Cap Rate Victoria, BC V8V 3R6
Investment Highlights
- 14-unit apartment complex
- 5 units recently renovated
- blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood
Executive Summary
1333 Pandora Avenue is a transit-oriented 14-unit apartment complex located blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood. This 3-storey building has been well maintained and 5 units have been recently renovated. Tenants benefit from an extremely central location, steps from schools, parks, and a full range of amenities. Low vacancy rates (0.9% in 2023 - CMHC) and in place rents that are well below market value provide investors significant income upside on tenant turnover.
Property Facts
| Price | $3,300,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $235,714 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 3.82% | Building Size | 10,104 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Price | $3,300,000 CAD |
| Price Per Unit | $235,714 CAD |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,104 SF |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,438 CAD | - |
| 1+1 | 8 | $1,538 CAD | - |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (92)
zoning
| Zoning Code | R3-2 |
| R3-2 |
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1333 Pandora Av
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