- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 978476
- Photos (6)
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Presenting the Court-Ordered sale of 1258 Yates Street in Victoria, BC (the “Property”) — an exceptionally well-located 20-unit apartment building. Located blocks from Downtown Victoria, in the desirable rental neighbourhood of Fernwood, the ‘Malika Apartments’ is a 3-storey, 17,400 SF building, on 17,760 SF of land. The Property offers double exposure, with frontage on both Yates and Johnson Street, as well as 20 surface parking stalls, storage lockers and coin-op laundry. Tenants benefit from an extremely central location, steps from schools, parks, and a full range of amenities and transit options. Low vacancy rates and in-place rents that are well below market value provide investors significant income upside on tenant turnover.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Lease Type:
- Sale Price
- Listing General Location:
- Vi Downtown, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 17,760 sq. ft.1,650 m2
- Taxes:
- $23,737 / 2023
- Total Building Area:
- 17,400 sq. ft.1,617 m2
- Commercial Area:
- Downtown
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 5161000.0
- Assessment year:
- 2024
- Jurisdiction name:
- City of Victoria
- Legal Description:
- LOT 1, PLAN VIP11850, SECTION 18, VICTORIA LANDDISTRICT, SR
- Parking Features:
- On Site
- Total Units:
- 20
- Date Listed:
- Oct 11, 2024
- Original Price:
- 6000000.0
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Listed by CBRE Limited
Data was last updated December 3, 2024 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 41
- Avg list price:
- $450,000
- Min list price:
- $16
- Max list price:
- $6,000,000
- Avg days on market:
- 119
- Min days on market:
- 6
- Max days on market:
- 687
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations.
- JOHNNY OLARTE
- RE/MAX CAMOSUN
- 1 (250) 7443301
- Contact by Email
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