1485 Fort St
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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 | Property Subtype | Apartment |
Price Per Unit | $198,989 CAD | Building Class | C |
Sale Type | Investment | Building Size | 5,401 SF |
Cap Rate | 5.29% | No. Stories | 3 |
No. Units | 9 | Year Built | 1908 |
Property Type | Multifamily | Cross Streets | Stadacona St. |
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. |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (88)
zoning
Zoning Code | R3-AM-2 (Mid rise multiple dwelling district) |
R3-AM-2 (Mid rise multiple dwelling district) |
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1485 Fort St
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