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1485 Fort St

9 Unit Apartment Building $1,790,900 CAD ($198,989 CAD/Unit) 5.29% Cap Rate Victoria, BC V8S 1Z4

Executive Summary

Avison Young Victoria is pleased to bring to market this charming well-appointed 9-unit multifamily building located on the southern periphery of Victoria, BC. Originally built as a single family residence, the wood frame building was converted in the mid-1960’s and is now comprised of 9 suites. The building has benefited from many upgrades and improvements over the years. Suites are separately metered for electricity (tenants pay), save for unit 9 which is on the house power and paid for by the landlord. The roof is torch-on with asphalt shingles. Heating is provided by way of a gas fired boiler, and suites have hot water baseboard heaters (landlord pays heat).

Property Facts

Price $1,790,900 CAD
Price Per Unit $198,989 CAD
Sale Type Investment
Cap Rate 5.29%
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Building Class C
Building Size 5,401 SF
No. Stories 3
Year Built 1908
Cross Streets Stadacona St.
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3-AM-2 (Mid rise multiple dwelling district)
R3-AM-2 (Mid rise multiple dwelling district)
  • Listing ID: 31728783

  • Date on Market: 2024-05-07

  • Last Updated:

  • Address: 1485 Fort St, Victoria, BC V8S 1Z4

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