You are invited to this rare opportunity to acquire the jewel at Central Park and Crystal Pool Recreation Centre. A 13 suite revenue & character apartment building, mere blocks to Downtown and on all bus routes. Corrected Current Gross Effective Income greater than $157,000+. 6.3% Cap Rate; improved easily upon gentle stabilization. Professionally managed and meticulously cared for 5 1BR self contained suites and 7 studio and 1BR suites with shared amenities. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming Bonused FSR (Floor Space Ratio) allows up to 14 units. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to dropbox financials with a signed confidentiality agreement. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with Listing Agent.
Address
845 Princess Ave
List Price
$1,789,999
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Area
Victoria
Sub-Area
Vi Central Park
Lot Size
6000 Sq. Ft.
Lot Size (Acres)
0.13 Ac.
Year Built
1912
MLS® Number
979663
Listing Brokerage
Royal LePage Coast Capital - Chatterton
Postal Code
V8T 1K7
Tax Amount
$9,168.00
Tax Year
2024
Features
Hot Water, Mixed, Mixed, Oil
Amenities
Balcony/Patio, Central Location, Level, Rectangular Lot, Security System
