1120 May St, Victoria, BC, V8V 2S5

MLS® # 974248

Investment For Sale In Fairfield, Victoria, British Columbia

$1,990,000

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1120 May St, Victoria, BC - Outdoor With Facade

1120 May St, Victoria, BC - Indoor Photo Showing Other Room

1120 May St, Victoria, BC - Indoor With Fireplace

1120 May St, Victoria, BC - Indoor Photo Showing Bedroom

1120 May St, Victoria, BC - Indoor Photo Showing Kitchen

1120 May St, Victoria, BC - Indoor Photo Showing Bathroom

1120 May St, Victoria, BC - Indoor Photo Showing Office

1120 May St, Victoria, BC - Outdoor With Exterior

1120 May St, Victoria, BC - Indoor Photo Showing Laundry Room

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Get a home insurance quote online for this $1,990,000 property in Victoria

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1120 May St, Victoria, BC, V8V 2S5

$1,990,000

Property Information:

Priced to sell! $62,000 below 2024 assessment. Fantastic 10-unit Multifamily at the best location of Cook St Village & Beacon Hill Park! Steps to Dallas Road waterfront and beaches. This income producing property consists of 3 two-bedroom, 2 one-bedroom, and 5 bachelor suites. R1-B Zoning, Multi-Family Conversion. 4 detached garages, onsite parking at the back and plenty of off street parking. Separate Hydro meters for each unit. Coin operated shared laundry. Low maintenance landscaping. Great investment potential for rezoning and future high density development. In the heart of Fairfield, one of the finest neighbourhoods in Victoria, short strolls to all amenities, parks, bus routes and downtown Victoria. A rare offering!

Property Features:

Annual Tax Amount: $12,189
Building Features: Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Storage Room
Built in: 1912
Construction Materials: Stucco & Siding
Exterior Features: Balcony/Deck
Floor Space (approx): 5985 Square Feet
Flooring: Mixed
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric, Hot Water
Lot Features: Central Location, Park Setting, Shopping Nearby
Lot Frontage: 8100 Square Feet
Lot Size: 8100.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Condition: Updated/Remodeled
Property Sub Type: Multi Family
Utilities: Recycling
Water Source: Municipal
Zoning: R1-B ZONE, SINGLE FAMILY
Sewer: Sewer To Lot
No. of Parking Spaces: 5

Courtesy of: Macdonald Realty Victoria

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

Location of 1120 May St, Victoria, BC, V8V 2S5

Lifestyle
Neighbourhood

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

23 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Moderate-Low

23 hot days expected in 2050

24/100

Moderate-Low

ClimateCheck®

Current data

This property, 1120 May St , experiences 7 hot days per year at around 26.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 23 hot days at 29.9 degrees Celsius.

Projected Avg. Temperature

Past

26.9℃

2050

29.9℃

# Hot Days Per Year

Past

2050

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

87/100

High

ClimateCheck®

Current data

This property, 1120 May St , experiences 12 significant 2-day storms per year, with about 511.6mm 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 588.6mm of precipitation per year.

Precipitation Per Storm

Past

511.6mm

2050

588.6mm

48-Hour Storms Per Year

Past

2050

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 1120 May St, Victoria, BC, V8V 2S5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$112,117.99

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.66 %

High school certificate or equivalent

21.93 %

Apprenticeship trade certificate/diploma

4.75 %

College/non-university certificate

17.13 %

University certificate (below bachelor)

3.25 %

University Degree

47.27 %

Commuter

Travel To Work

By Car

44.93 %

By Public Transit

8.57 %

By Walking

27.43 %

By Bicycle

13.94 %

By Other Methods

5.13 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

80.74 %

Houses

19.26 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 1120 May St, Victoria, BC, V8V 2S5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1120 May St, Victoria, BC, V8V 2S5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

1120 May St, Victoria, BC, V8V 2S5

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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