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$6,000,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
02/14/2025 05:52 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 978476
Rental Info Unrestricted
Annual Tax Amount $23,737
Tax Year 2023
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Multi Family
Property Description
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.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Exterior
Parking On Site 1
Others
Ownership Freehold
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Listed by CBRE Limited