$4.3M Victoria apartment building has rental upside

21-unit Victoria apartment building, sold at full list price, is currently rented below market value

By
for Western Investor
December 11, 2019





DD Victoria multifamily apartment building

A 21-unit Victoria apartment building, sold at full list price of $4.3 million, is rented below market value and has “significant rental upside,” the selling agents claim.

Breakdown:

Property type: Multi-family rental building

Number of units: 21

Location: 805 Cook Street, Victoria, B.C.

Property size: 14,4489 square feet

Lot size: 0.33 acres

Zoning: R3-A1

List price: $4.3 million

Sale price: $4.3 million

Date of sale: November 28, 2019

Brokerage: Avison Young, Vancouver

Brokers: Carey Buntain, Chris Wieser, Robert Greer


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