Fantastic Fairfield investment property! This purpose built, art deco apartment building is comprised of six spacious one-bedroom suites, three storage / garage units, three parking spaces, bike storage and coin laundry. All six sunny suites have been treated to flooring, paint, appliance and bathroom updates, plus window replacement. With lots of windows, coved ceilings and other original features, the building exudes abundant charm. All suites are rented month to month, and storage units are on three separate leases as well, with one expected to become vacant for May 1st. Well maintained and easy to care for, with great tenants, this apartment block is an excellent opportunity to own in a desirable Victoria location, close to all amenities, transit and the beach! Netting over $92K / year with lots of upgrades complete, this is a solid investment in a forever sought after location. Have your agent get in touch for more details.
Address
370 Richmond Ave
List Price
$2,290,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Area
Victoria
Sub-Area
Vi Fairfield East
Lot Size
5600 Sq. Ft.
Lot Size (Acres)
0.13 Ac.
Year Built
1947
MLS® Number
996784
Listing Brokerage
Pemberton Holmes Ltd.
Postal Code
V8S 3Y1
Tax Amount
$7,608.07
Tax Year
2024
Features
Baseboard, Carpet, Hardwood, Heat Pump, Laminate, Linoleum
Amenities
Central Location, Corner Lot, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Irregular Lot, Irrigation Sprinkler(s), Landscaped, Level, Lighting, Low Maintenance Yard, See Remarks, See Remarks, Serviced, Shopping Nearby, Sidewalk, Southern Exposure