504 Selkirk Ave, Victoria, BC V9A 2T1

$1,499,000
List Price
$1,499,000
Status
ACTIVE
MLS® #
845417
Property Type
Commercial
Acres
0.18
Lot Size
7,847
District
Victoria
Neighbourhood
Vw Victoria West

Property Description

The seller has had a professional appraisal done by commercial appraiser D.R. Coell & Associates to determine market value. The appraisal has come back at $1,650,000. Seller is motivated to sell and is encouraging offers. This is a great opportunity to purchase at less than appraised value! This 6 unit revenue property grosses $99,960/year with a 3.8% Cap Rate. Built in 1907 by Richard. F Stephens who operated a close by boatyard, this property overlooks Selkirk waterway. Steps to the water, bus stops, rec center, coffee shops, groceries, and minutes to downtown Victoria this location can't be beat. 5 legal suites with one unauthorized Suite, existing tenancy's in place with one vacant suite. Turnkey investment property ready for new ownership - this one is a moneymaker! Check out the Virtual Tour, Video, and Floor Plans!

Additional Information

Lot Features
Curb & Gutter, Rectangular Lot, Sidewalk
Heating
Forced Air
Flooring
Carpet, Hardwood, Tile, Vinyl
Exterior Features
Balcony/Deck, Balcony
Parking Type
On Site
Taxes
$5,543

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Courtesy of Coldwell Banker Oceanside Real Estate

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