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.
