11-unit Oak Bay rental building sold for $3.5M

1955 multi-family building goes for well above assessed value and more than $318K per door

By
for Western Investor
July 5, 2019





Done Deal Oak Bay Victoria apartment block William Wright Commercial

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 


Will has over ten years of sales, marketing and real estate investing experience.

William Wright Commercial
430-605 Robson Street
Vancouver, BC V6B 5J3
Office: 604-428-5255

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