Property Information:

Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.

Property Features:

Annual Tax Amount: $12,696
Building Features: Bike Storage, Fire Alarm, Shopping Nearby, Storage Room
Built in: 1912
Construction Materials: Stucco
Exterior Features: Balcony, Fencing: Partial
Floor Space (approx): 5545 Square Feet
Flooring: Carpet, Hardwood, Tile, Vinyl
Foundation Details: Concrete Perimeter
Heating: Baseboard
Lot Features: Central Location, Corner Lot, Curb & Gutter, Easy Access, Landscaped, Level, Sidewalk
Lot Frontage: 7361 Square Feet
Lot Size: 7361.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Condition: Updated/Remodeled
Property Sub Type: Multi Family
Road Surface Type: Paved
Water Source: Municipal
Zoning: Apartment GRD-1
Sewer:

Courtesy of: DFH Real Estate Ltd.

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 421 Vancouver St, Victoria, BC, V8V 3T4

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$112,117.99

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.66 %

High school certificate or equivalent

21.93 %

Apprenticeship trade certificate/diploma

4.75 %

College/non-university certificate

17.13 %

University certificate (below bachelor)

3.25 %

University Degree

47.27 %

Commuter

Travel To Work

By Car

44.93 %

By Public Transit

8.57 %

By Walking

27.43 %

By Bicycle

13.94 %

By Other Methods

5.13 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

80.74 %

Houses

19.26 %

421 Vancouver St, Victoria, BC, V8V 3T4