Rocket Web Labs Inc. Wix MLS IDX Real Estate

1120 May St

MLS® 871682

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.

Full Address

1120 May St, Victoria BC V8V 2S5

MLS® Number

871682

Listing Price

$2,288,000

Property Type

Multi Family

Year Built

1912

Living Area

0 SqFt

Bedrooms

Total Bathrooms

Tax Year

2020

Annual Tax Amount

$10,906

Interior Features

Lot Features

Central Location, Park Setting, Shopping Nearby

Exterior Features

Balcony/Deck

Total Fireplaces

Water Source

Municipal

Gas

Heating

Baseboard, Hot Water

Cooling

Sewer

Sewer To Lot

Style of Home

Layout

Basement

Subdivision

Elementary School

Middle School

High School

Directions

Property Location

Listing by Royal LePage Coast Capital - Chatterton

Listing information last updated: Mon Jun 14 2021 14:00:35 GMT+0000 (Coordinated Universal Time)

Rocket Web Labs Inc. Wix MLS IDX Real Estate

Let's Talk

Jenny Bruce Personal Real Estate Corporation

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Rocket Web Labs Inc. Wix MLS IDX Real Estate

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