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Listed by Mike Giordano eXp Realty
$ 1,975,000
Est. payment /mo
Active
1120 Caledonia Ave Victoria, BC V8T 1G1
5,001 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,001 sqft
Price per Sqft $394
MLS Listing ID 1038439
HOA Y/N No
Year Built 1903
Annual Tax Amount $6,073
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multi Family
Property Description
Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria's most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance.
Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.
Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.
Location
Province BC
County Capital Regional District
Community Vi Central Park
Area Victoria
Interior
Heating Electric
Cooling None
Flooring Mixed
Fireplace No
Exterior
Exterior Feature Balcony/Deck, Fencing: Partial, Low Maintenance Yard
Parking Features On Site
Garage Spaces 4.0
View Y/N No
Street Surface Paved
Total Parking Spaces 4
Garage No
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
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