Property Information:

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.48% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance.Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.

Property Features:

Bedrooms: 7
Bathrooms: 8
Annual Tax Amount: $6,592
Basement: Other
Built in: 1903
Construction Materials: Frame Wood, Wood
Cooling: None
Floor Space (approx): 5105 Square Feet
Flooring: Mixed
Foundation Details: Concrete Perimeter
Heating: Baseboard
Laundry Features: Common Area, Other
Lot Frontage: 6440 Square Feet
Lot Size: 6440.00 Square Feet
Ownership: Freehold
Parking Features: Driveway, On Street
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Resale
Property Sub Type: Quadruplex
Roof: Asphalt Shingle, Asphalt Torch On
Water Source: Municipal
Zoning Description: Residential
Sewer:
No. of Parking Spaces: 4

Rooms:

Living Main Level 5.18 m x 3.35 m
Other Main Level 1.32 m x 2.74 m Note: Patio
Other Main Level 7.01 m x 3.43 m Note: Patio
Living Main Level 3.61 m x 4.98 m
Walk-in Closet Main Level 1.60 m x 1.55 m
Other Main Level 3.35 m x 2.26 m Note: Eating Nook
Other Main Level 1.52 m x 1.52 m Note: Entrance
Other Main Level 2.92 m x 1.93 m Note: Entrance
Porch Main Level 3.58 m x 2.08 m
Bathroom Main Level
Other Main Level 1.93 m x .84 m Note: Entrance
Kitchen Main Level 3.81 m x 3.66 m
Bathroom Main Level
Bedroom Main Level 3.96 m x 5.18 m
Bathroom Main Level
Kitchen Main Level 3.35 m x 2.84 m
Bathroom Main Level
Other Main Level 1.52 m x 1.52 m Note: Entrance
Dining Main Level 3.99 m x 2.84 m
Other Main Level 1.70 m x 2.59 m Note: Patio
Bedroom Main Level 3.81 m x 4.11 m
Other Main Level 3.89 m x 3.66 m Note: Patio
Other Main Level 2.16 m x 4.19 m Note: Patio
Kitchen Main Level 3.78 m x 4.22 m
Kitchen Main Level 2.49 m x 2.84 m
Living Main Level 5.36 m x 3.28 m
Other Main Level 1.83 m x 1.57 m Note: Entrance
Other Main Level 1.70 m x 2.74 m Note: Patio
Bedroom Main Level 3.81 m x 4.11 m
Bedroom 2nd Level 3.81 m x 4.14 m
Bedroom 2nd Level 2.82 m x 2.36 m
Bathroom 2nd Level
Kitchen 2nd Level 3.61 m x 3.51 m
Kitchen 2nd Level 3.66 m x 4.11 m
Walk-in Closet 2nd Level 3.05 m x 1.68 m
Office 2nd Level 2.87 m x 1.63 m
Bathroom 2nd Level
Other Other level :Lower 3.73 m x 5.54 m
Storage Other level :Lower 3.56 m x 2.03 m
Living Other level :Lower 4.57 m x 4.04 m
Bathroom Other level :Lower
Bedroom 2nd Level 3.81 m x 5.94 m
Laundry Other level :Lower 4.75 m x 1.40 m
Storage Other level :Lower 1.70 m x 1.37 m
Other Other level :Lower 1.52 m x 1.52 m Note: Entrance
Storage Other level :Lower 4.01 m x 2.18 m
Other Other level :Lower 4.01 m x 1.90 m
Bedroom Other level :Lower 3.30 m x 3.43 m
Bathroom Other level :Lower
Kitchen Other level :Lower 3.48 m x 2.44 m

Convert Measurement to:

Courtesy of: eXp Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Demographic Information of 1120 Caledonia Ave, Victoria, BC, V8T 1G1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$99,906.14

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.37 %

High school certificate or equivalent

31.89 %

Apprenticeship trade certificate/diploma

6.55 %

College/non-university certificate

17.19 %

University certificate (below bachelor)

1.91 %

University Degree

32.08 %

Commuter

Travel To Work

By Car

50.14 %

By Public Transit

9.28 %

By Walking

25.04 %

By Bicycle

11.82 %

By Other Methods

3.72 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

63.89 %

Houses

36.11 %

1120 Caledonia Ave, Victoria, BC, V8T 1G1