A 1955-built apartment building on Haultain Street in Oak Bay, Victoria has sold for $3,500,000, $388K below asking price, reports Will Hall of William Wright Commercial. The sale price of the 11-unit building, which was renovated in 2018, was well above its 2018 assessed value of $2,267,000, and works out as $318,182 per suite. The property is in a quiet setting, close to many services and amenities in the nearby neighbourhoods, and is zoned RM3.
Breakdown:
Broker: Will Hall
Brokerage: William Wright Commercial
Location of property: 2180 Haultain Street
City: Victoria, B.C.
Property type: Multi-Family
Lot Size: +/-9,490 SQFT
Zoning: RM3
Listing price: $3,988,000.00
Selling price: $3,500,000.00
Date of sale: June 28, 2019
