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1028 Inverness Rd, Saanich, BC, V8X 2S1

MLS® # 945169
Investment For Sale In Saanich Core, Saanich, British Columbia
$4,999,000
1028 Inverness Rd, Saanich, BC - Photo Showing Other Room
1028 Inverness Rd, Saanich, BC - Other
1028 Inverness Rd, Saanich, BC - Photo Showing Other Room
1028 Inverness Rd, Saanich, BC - Other
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Home Insurance - TD Insurance

Get a home insurance quote online for this $4,999,000 property in Saanich

Provided by TD Insurance
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1028 Inverness Rd, Saanich, BC, V8X 2S1
$4,999,000

Property Information:

This opportunity allows potential investors to acquire a 100% ownership stake in Thornwood Manor, located at 1028 Inverness Rd in Greater Victoria. Thornwood Manor is a three-story apartment building situated in a prime location along Inverness Rd, positioned between Quadra St and Glasgow Ave. This offering presents a distinct chance to invest in a well-maintained, income-generating multi-family apartment building at the center of Greater Victoria, with significant potential for redevelopment. The property is surrounded by multi-family zoning, indicating favorable development prospects. Moreover, it's conveniently located, being just a 5-minute drive to Mayfair Mall and the uptown area of Victoria.

Property Features:

  • Annual Tax Amount: $21,000
  • Building Features: Laundry Room, Parking, Transit Nearby
  • Business Type: Accommodation
  • Exterior Features: Balcony
  • Lot Features: Rectangular Lot, Sidewalk, See Remarks
  • Lot Frontage: 14880 Square Feet
  • Lot Size: 14880.00 Square Feet
  • Ownership: Freehold
  • Property Sub Type: Multi Family
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group West Coast Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1028 Inverness Rd, Saanich, BC, V8X 2S1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

25/100

Moderate-Low

ClimateCheck®

Current data

This property, 1028 Inverness Rd , experiences 7 hot days per year at around 27.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 22 hot days at 30.4 degrees Celsius.

Projected Avg. Temperature

Past
27.5℃
2050
30.4℃

# Hot Days Per Year

Past
7
2050
22

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

13 storms expected in 2050

86/100

High

ClimateCheck®

Current data

This property, 1028 Inverness Rd , experiences 12 significant 2-day storms per year, with about 494.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 567mm of precipitation per year.

Precipitation Per Storm

Past
494.1mm
2050
567mm

48-Hour Storms Per Year

Past
12
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1028 Inverness Rd, Saanich, BC, V8X 2S1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$99,858.07

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.29 %

High school certificate or equivalent

32.46 %

Apprenticeship trade certificate/diploma

6.26 %

College/non-university certificate

17.14 %

University certificate (below bachelor)

2.66 %

University Degree

30.19 %

Commuter

Travel To Work

By Car

67.48 %

By Public Transit

11.01 %

By Walking

10.23 %

By Bicycle

7.38 %

By Other Methods

3.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.29 %

Houses

22.71 %

Own Vs. Rent

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