845 Princess Ave, Victoria, BC, V8T 1K7

MLS® # 979663

Investment For Sale In North Park, Victoria, British Columbia

$1,789,999

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845 Princess Ave, Victoria, BC - Outdoor With Facade

845 Princess Ave, Victoria, BC - Indoor Photo Showing Living Room

845 Princess Ave, Victoria, BC - Indoor Photo Showing Other Room

845 Princess Ave, Victoria, BC - Indoor Photo Showing Bedroom

845 Princess Ave, Victoria, BC - Indoor Photo Showing Kitchen

845 Princess Ave, Victoria, BC - Indoor Photo Showing Bathroom

845 Princess Ave, Victoria, BC - Indoor Photo Showing Laundry Room

845 Princess Ave, Victoria, BC - Outdoor With Exterior

845 Princess Ave, Victoria, BC - Indoor Photo Showing Basement

845 Princess Ave, Victoria, BC - Indoor Photo Showing Garage

845 Princess Ave, Victoria, BC - Outdoor

845 Princess Ave, Victoria, BC - Outdoor With View

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845 Princess Ave, Victoria, BC, V8T 1K7

$1,789,999

Property Information:

You are invited to this rare opportunity to acquire the jewel at Central Park and Crystal Pool Recreation Centre. A 13 suite revenue & character apartment building, mere blocks to Downtown and on all bus routes. Corrected Current Gross Effective Income greater than $157,000+. Offered at 6.3% Cap Rate; improved further upon gentle stabilization. Professionally managed and meticulously cared for 5 1BR self contained suites and 7 studio and 1BR suites with shared amenities. Potential bonus density afforded by Schedule G bylaw. Coveted Legal, Non-Conforming Bonused FSR (Floor Space Ratio) allows up to 14 units. Cherished in a family portfolio for over 30yrs, this opportunity is now exclusively available to serious investors, alone. Request access to dropbox financials with a signed confidentiality agreement. All measurements to be verified. This one will earn well in any portfolio! Arrange viewings with 72hrs notice for tenants, please.

Inclusions: Real Estate

Property Features:

Annual Tax Amount: $9,168
Building Features: Basement, Bike Storage, Fire Alarm, Laundry Room, Parking, Security System, Storage Room, Transit Nearby
Built in: 1912
Construction Materials: Concrete, Frame Wood, Wood
Exterior Features: Balcony/Patio, Security System
Floor Space (approx): 7664 Square Feet
Flooring: Mixed
Foundation Details: Concrete Perimeter, Slab
Heating: Hot Water, Oil, Mixed
Inclusions: Real Estate
Lot Features: Central Location, Level, Rectangular Lot
Lot Frontage: 6000 Square Feet
Lot Size: 6000.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Utilities: Cable Connected, Electricity Connected, Garbage, Natural Gas Connected
View: City
Water Source: Municipal, To Lot
Zoning: R-2 Duplex
Sewer: Sewer To Lot
No. of Parking Spaces: 4

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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Notes:

Cameron Stewart

Royal LePage Coast Capital Realty - Saanich *

Mobile:778.866.1066

View All of Cameron's Listings

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Market Price Trends

Location of 845 Princess Ave, Victoria, BC, V8T 1K7

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

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, 845 Princess Ave , 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

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

86/100

High

ClimateCheck®

Current data

This property, 845 Princess Ave , 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

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 845 Princess Ave, Victoria, BC, V8T 1K7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$100,384.27

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.52 %

High school certificate or equivalent

27.64 %

Apprenticeship trade certificate/diploma

5.91 %

College/non-university certificate

18.5 %

University certificate (below bachelor)

2.13 %

University Degree

35.3 %

Commuter

Travel To Work

By Car

42.96 %

By Public Transit

9.81 %

By Walking

32.79 %

By Bicycle

7.31 %

By Other Methods

7.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

93.08 %

Houses

6.92 %

Own Vs. Rent

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845 Princess Ave, Victoria, BC, V8T 1K7 $1,789,999 MLS® # 979663

Property Information:

Property Features:

Market Price Trends

Location of 845 Princess Ave, Victoria, BC, V8T 1K7

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 845 Princess Ave, Victoria, BC, V8T 1K7

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

845 Princess Ave, Victoria, BC, V8T 1K7

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