928 Bay St, Victoria, BC V8T 1R7

$2,775,000

Courtesy of CBRE Limited

List Price
$2,775,000
Status
ACTIVE
MLS® #
907310
Price Change
▼ $100,000 1656558963
Property Type
Commercial
Acres
0.2
Lot Size
8,746
District
Victoria
Neighbourhood
Vi Hillside

Property Description

This is an opportunity to purchase Parkview Apartments for the first time in 34 years. Located at 928 Bay Street, this fully occupied three storey apartment building is comprised of 2 two bedroom suites, 6 one bedroom suites, 3 one bedroom + den suite and 1 non-authorized one bedroom suite. The building has new windows and roofing installed in 2018, 2 gas hot water tanks (2017 + 2020) and separately metered hydro for each unit. With under market rents, development potential and a neighbourhood that is undergoing revitalization, the property offers significant future yield upside.

Additional Information

Parking Spaces
5
Parking Type
On Site
Taxes
$9,992
Rentals Allowed
Unrestricted

Mortgage Calculator

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Calculator source: Real Geeks

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