A character home transformed into a seven-suite rental building sold for $2.3 million, CBRE Vancouver reports.
The Garden Mansion Apartments in Victoria is situated on a 24,829-square-foot lot with 9,000-square-feet of living area. The property has unobstructed views of the ocean and Mount Baker. The home was built in 1911 and features hardwood flooring, oak paneling and stained glass windows throughout.
The property is located at 1558 Beach Dr., Victoria.
Breakdown:
Price: $2,300,000
No. of Units: 7
Price/Unit: $328,571
Lot Size: 24,829
Property Type: Multi-family
2016 B.C. Assessment Value: $2,194,000
City: Victoria
Province: B.C.
Name of Brokerage: CBRE Vancouver
