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Listing by Marc Foucher Colliers

$4,200,000

Est. payment - /mo

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8,631 SqFt

Active

681 Herald St Victoria, BC V8W 1S8

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Kyle Kerr PREC

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

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,631 sqft

Price per Sqft $486

MLS Listing ID 1023363

HOA Y/N No

Annual Tax Amount $16,683

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria's downtown core at an approximate +/-4.5% cap rate. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location. This well maintained apartment building features 16 bachelor suites, and one two-bedroom suite, with shared coin operated laundry available on-site. Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.

Location

Province BC

County Capital Regional District

Community Vi Downtown

Area Victoria

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

NEARBY SCHOOLS & PROPERTIES

PROPERTIES

There are 1,219 listings nearby.

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