Address
2902 Washington Ave Victoria, BC
Price
$ 5,500,000
Property Attributes
  • ID#890515
  • TypeMulti-Family
  • CityVictoria
  • AreaCapital Regional District
  • NeighbourhoodVictoria
  • Postal CodeV9A 1P5
  • Style
  • Taxes$ 21725
  • Price$ 5,500,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage19500
  • Lot Size0.44 Acres
Listing Provided Courtesy Of:
Peter Tanner with Firm Management Corporation
Data Source:
RLP - CREA EN
Property Description

Accepted Offer in place. For Sale: 22 unit, 4 story waterfront apartment building in Victoria, BC. Gorge Shores Apartments sits on a promontory at the foot of Washington Avenue overlooking the Gorge Waterway with views of the Selkirk Trestle and the city. Comprised of 21 one bedroom apartments, and a single 2 bedroom on the main, the property is fully leased. This investment property has been well maintained and managed, with significant upside in rental revenues with future tenant turn over, and possible redevelopment potential. Recent improvements include an engineered upgrading of all decks in 2017/18, and installation of a new 100 gallon gas fired boiler in 2021 and exterior painting. 2021 gross revenue projected to be approximately $265,000.00. Further information available with signed CA. Offered at $5.5 million.

General Features

Parking Spaces 28

Exterior Features

Lot Frontage 19050
Lot Size 19050
Jumpid 16546879
Mls 890515

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in V9A 1P5

Price
AVG $5.5M
$5.5M
Taxes
AVG $21,725
$21,725
Visits
AVG 3
3
Walkscore
AVG 53
53
Data Provided by Walkscore ® not using MLS data

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