Active

936 Queens Ave

Victoria BC, V8T 1M6

$4,990,000


$848.64 per sqft

Active

5,880 sqft

Commercial

Built in 1914

Completely Renovated! Each unit feels like a brand new condo inside! Stratify in the future? 7-suite character conversion facing south onto Central Park behind Crystal Pool. R-2 Family/Duplex zone, this property comprises: 3 legal One bedroom/studio suites on the ground floor; 2 main-level 2 bedroom suites - each with front entrance and backyard entrance; 2 upper floor suites, each with 2 bedrooms and a den. All suites have in-suite laundry, brand new appliances and separate BC Hydro meter. Separate secure bike storage in the backyard. Space for garden boxes. Move-in ready. Five suites rented out already - two suites still vacant (as of Feb 1). Potential Stabilized Effective Gross Income (EGI) of almost $18,000 per month. CMHC 5-year historical vacancy rate 1.3%. Building plans in supplements. Showings to be coordinated during business hours (9 am to 5 pm). All measurements to be verified. Property Taxes $7,389 in 2023. This one will earn well in any portfolio - long into the future!

947294

MLS ID

October 30, 2023

Listed

February 26, 2024

Updated

Map

936 Queens Ave
Victoria BC, V8T 1M6

Interior Features

Floor Description

Hardwood, Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Balcony/Deck


Lot Features

Central Location, Park Setting


Sewer

Sewer Connected

Other Property Details

Area Name

Victoria


Taxes

$7,389


Tax Frequency

Annually


Days on Market

118


Garage

No


View

Yes


View Description

City, Other


County

Capital Regional District


Water Source

Municipal


Pool

No


Zoning

R-2


Buyer Agency Compensation

1.5%

Courtesy of RE/MAX Camosun, Stephen Calderwood

Listing Contact: 778-584-5180 

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