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    1120 May St

    Victoria, BC V8V 2S5
    • $2,288,000
    • STATUS: Active
    • ON SITE: 78 days
    • MLS #: 871682
    UPDATED: 46 min ago
    $2,288,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Multi-Family
    Built:
    1912
    Area:

    Description

    You are invited to this rare opportunity to acquire the jewel at Beacon Hill Park. A 10 suite revenue & character apartment building, 3 blocks to Dallas Rd.and in the heart of Cook St. Village. Corrected Current Gross Effective Income greater than $110,000. 4.7% Cap Rate improved upon gentle stabilization. Professionally managed and meticulously cared for 3 2BR + 1 1BR self contained suites and 6 studio suites with shared amenities just steps from bus routes. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming 46% Bonused FSR (Floor Space Ratio). New roof in 2018. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to financials with a signed confidentiality agreement; see flyer link attached and request password from listing agent. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.

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    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pinnacle Homes Group | eXp Realty Victoria. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-06-21T18:22:02.713.
    www.pinnaclehomesgroup.com/homes/115746496
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    1120 May St Victoria, BC V8V 2S5

    • Price: $2,288,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 871682
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1912
    Built
    Neighbourhood:
    Vi Fairfield West
    Area:
    Victoria
    School District:
    Capital Regional District
    Property Description
    You are invited to this rare opportunity to acquire the jewel at Beacon Hill Park. A 10 suite revenue & character apartment building, 3 blocks to Dallas Rd.and in the heart of Cook St. Village. Corrected Current Gross Effective Income greater than $110,000. 4.7% Cap Rate improved upon gentle stabilization. Professionally managed and meticulously cared for 3 2BR + 1 1BR self contained suites and 6 studio suites with shared amenities just steps from bus routes. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming 46% Bonused FSR (Floor Space Ratio). New roof in 2018. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to financials with a signed confidentiality agreement; see flyer link attached and request password from listing agent. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.
    Exterior Features

    Construction Materials Stucco & Siding Entry Location Main Level Exterior Features Balcony/Deck Lot Features Central LocationPark SettingShopping Nearby Parking Features On Site Parking Total 0 Road Frontage Type Lane Road Surface Type Paved View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Mixed Foundation Details Concrete Perimeter Heating BaseboardHot Water Heating YN Yes

    Property Features

    Building Features BasementBike StorageLaundry RoomParkingShopping NearbyStorage Room New Construction YN No Ownership Freehold Property Condition Updated/Remodeled Property Sub Type Multi Family Rental Allowed Unrestricted Sewer Sewer To Lot Tax Annual Amount 10906 Tax Jurisdiction City Of Victoria Tax Year 2020 Utilities Recycling Water Source Municipal Youngest Age Allowed 0 Zoning Sfd

    Listing provided courtesy of Royal Lepage Coast Capital - Chatterton and [CO-OFFICENAME].

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
    http://www.vreb.org/vreb/VREBReciprocityProgram.html

    MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pinnacle Homes Group | eXp Realty Victoria. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-06-21T18:22:02.713.
     
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    Pinnacle Homes Group | eXp Realty Victoria
    1321 Blanshard St., Suite 301
    Victoria BC, V8W 0B7