Property Information:
Rare opportunity to acquire a well maintained 10-unit apartment building located in the heart of Oak Bay. Located in one of Victoria’s most sought-after neighbourhoods, this property is within walking distance to the ocean and is easily accessible by transit with main bus routes to UVIC and Downtown Victoria along Foul Bay Road. Features:Large suites with an attractive suite mix of five (5) two-bedroom units and five (5) one-bedroom units; Ten (10) stalls of on-site parking available; Below market rents providing significant upside in income upon tenant turnover; Coin operated laundry on-site; Designated as “Multi-Unit Residential” in Oak Bay’s Official Community Plan, which supports a density of 1.9:1 FSR and up to eight (8) storeys in height. Can be purchased separately or as a package with 1530 Belcher Avenue (MLS #977779).
