$4,500,000

Victoria BC, V8W 1S8

MLS® # 1015639

Property Information:

Pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria’s downtown core. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location. This well maintained apartment building features 16 bachelor suites, and one two-bedroom suite, with shared coin operated laundry available on-site. Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.

Property Features:

Annual Tax Amount: $16,683
Floor Space (approx): 8631 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family

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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Market Price Trends

Location of 681 Herald St, Victoria, BC, V8W 1S8

Lifestyle
Neighbourhood

Demographic Information of 681 Herald St, Victoria, BC, V8W 1S8

Life Stage

Later Years

Employment Type

Service Sector

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