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370 Richmond Ave Victoria, British Columbia V8S 3Y1

$1,995,000

Immaculate Purpose built 6 suite Apartment block in sought after Fairfield. The 6 x 1 Bedroom art deco era character suites have all had recent updates including new flooring, updated bathrooms (most suites), paint, fixtures, etc. New 400 amp electrical upgrade, recently insulated walls, newer windows and exterior doors & common area heat pump. New coin-op laundry and 3 detached garages that generate an additional $550 p/m. All suites currently rented well below what the market bears but still generates a gross income of 90,192 including Coin-op Laundry and Garages (Net of $77,050). Plenty of latent value awaits. Located close to shopping, public transit and local beaches. VERY RARE opportunity in this coveted location. Building/Drain Inspection available! *Vendor Financing an Option for qualified buyers* PRICE IS FIRM (id:23356)

Property Details

MLS® Number 405407
Property Type Multi-family
Neigbourhood Fairfield East
Features Private Setting, Rocky
Parking Space Total 3

Building

Constructed Date 1947
Fireplace Present No
Type Multi-family

Land

Acreage No
Land Disposition Cleared
Size Irregular 5600
Size Total 5600 Sqft
Size Total Text 5600 Sqft

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20309703

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