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Listing by Marc Foucher Colliers
$ 4,200,000
Est. payment | /mo
8,631 SqFt
$ 4,200,000
Est. payment | /mo
8,631 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,631 sqft
Price per Sqft $486
MLS Listing ID 1023363
HOA Y/N No
Annual Tax Amount $16,683
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria's downtown core at an approximate +/-4.5% cap rate. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location. This well maintained apartment building features 16 bachelor suites, and one two-bedroom suite, with shared coin operated laundry available on-site. Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.
Location
Province BC
County Capital Regional District
Community Vi Downtown
Area Victoria
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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