$2,984,000

Investment For Sale In Fairfield, Victoria, British Columbia

$2,984,000

Property Information:

Welcome to this exceptional West Fairfield investment opportunity (Marlborough House contains 9 authorized residential suites). It is situated at the corner of Marlborough St. and Woodstock Ave. on two lots totaling 13,477 square feet. The location offers an unparalleled blend of urban convenience and natural beauty, minutes from downtown Victoria and steps from Victoria’s famous Beacon Hill Park and the spectacular Dallas Road waterfront. The property has been owned since the 70’s by an out-of-province family who now have other interests. Situated on two lots, the property offers an investor the potential of a profitable multi-residential development site (13,477 SF) while yielding an ongoing acceptable return from the nine residential suites. Note that present rents are under market; this offers the potential for a huge return upside if the property is kept as is! Don’t let this investment opportunity pass you by. See the financials in supplements.

Inclusions: Fixtures

Property Features:

  • Annual Tax Amount: $13,867
  • Building Features: Basement, Fire Alarm, Laundry Room, Parking, Transit Nearby
  • Built in: 1912
  • Construction Materials: Frame Wood
  • Cooling: None
  • Exterior Features: Balcony, Balcony/Deck, Balcony/Patio
  • Floor Space (approx): 5700 Square Feet
  • Flooring: Carpet, Hardwood, Linoleum
  • Foundation Details: Block
  • Heating: Forced Air, Hot Water, Natural Gas
  • Inclusions: Fixtures
  • Lot Features: Adult-Oriented Neighbourhood, Central Location, Corner Lot, Easy Access, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
  • Lot Frontage: 13427 Square Feet
  • Lot Size: 13427.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Frontage Type: Street
  • Road Surface Type: Paved
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
  • Water Source: Municipal
  • Sewer:
  • No. of Parking Spaces: 8

Courtesy of: NAI Commercial (Victoria) Inc.

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.