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Royal LePage
Royal LePage
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$2,100,000

Victoria BC, V8T 4G6

MLS® # 1013975

Property Information:

2ND PRICE REDUCTION TO $2.1M! 2312 Wark Street is a 1912 building converted into an 8 legal suite apartment. This rental property is ideally situated in the North Park and Quadra-Hillside neighborhoods, just on the outskirts of Victoria’s downtown. In 2016 there was a new concrete floor slab and foundation, new energy efficient gas boiler and hot water heater, new perimeter drainage system, and the construction of the 3 bedroom lower suite. There is secure bike storage and 10 on-site parking stalls with back alley access. New price of $2.1 represents an attractive cap rate of 5.44% on stabilized, in place net income.

Property Features:

  • Annual Tax Amount: $9,382
  • Built in: 1912
  • Floor Space (approx): 4309 Square Feet
  • Lot Frontage: 7050 Square Feet
  • Lot Size: 7050.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Zoning: R-2
  • No. of Parking Spaces: 10

Courtesy of: Colliers

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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⚠ Potential Investment Performance

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Location of 2312 Wark St, Victoria, BC, V8T 4G6

Demographic Information of 2312 Wark St, Victoria, BC, V8T 4G6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$91,151.89

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.27 %

High school certificate or equivalent

30.87 %

Apprenticeship trade certificate/diploma

6.65 %

College/non-university certificate

16.45 %

University certificate (below bachelor)

2.4 %

University Degree

31.35 %

Commuter

Travel To Work

By Car

46.12 %

By Public Transit

16.82 %

By Walking

26.25 %

By Bicycle

9.04 %

By Other Methods

1.76 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

81.45 %

Houses

18.55 %

Own Vs. Rent

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