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$1,580,000

Est. payment - /mo

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8,712 Sqft Lot

Active

1002 Balmoral Rd Victoria, BC V8T 1A8

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Kyle Kerr

kyle@initiumre.com +1(250) 818-5595

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 989935

Rental Info Unrestricted

Annual Tax Amount $6,007

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

The opportunity exists to acquire a 100% interest in a five-unit rental property with potential for redevelopment in the City of Victoria on a +/-8,795 SF lot. Designated as “Housing Opportunity” in the City of Victoria's Official Community Plan, which permits density of up to 2.5:1 FSR for development projects where there is a substantial public benefit. Centrally located on the outskirts of Downtown Victoria with easy access to main bus routes along both Vancouver Street and Cook Street. Amenity rich location steps away from numerous coffee shops, restaurants, grocery stores, fitness studios, Save on Foods Memorial Centre, Royal Athletic Park and many others. The property is improved with two well maintained houses, with a combined 5 rental units.

Location

Province BC

County Capital Regional District

Area Vi Fernwood

Zoning R-2

Exterior

Parking On Site 1

Others

Tax ID 001-463-276

Ownership Freehold

Listed by Colliers

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1