- Hot Water
$3,100,000
Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST. (id:66888)
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Details
| MLS® Number | 1029875 |
| Property Type | Multi-family |
| Neigbourhood | Brechin Hill |
| Features | Central Location, Level Lot, Southern Exposure, Corner Site, Other, Marine Oriented |
| Plan | Vip1383 |
| View Type | Mountain View, Ocean View |
| Constructed Date | 1964 |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Size Exterior | 6257 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Irregular | 19215 |
| Size Total | 19215 Sqft |
| Size Total Text | 19215 Sqft |
| Zoning Description | R8 |
| Zoning Type | Unknown |
Map
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March 27 2026 04:32:13
Vancouver Island Real Estate Board
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