Garden Mansion Apartments character home sold for for $2.3M

The 1911 character home was transformed into a seven-suite rental building

By
for Western Investor
October 18, 2017





garden mansion
 
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:
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 

Lance Coulson is the Executive Vice President of CBRE’s National Apartment and Investment Properties Group BC with 21-plus years of experience in commercial real estate, specializing in multi-family properties.

CBRE Canada
Suite 2500, 1021 W Hastings St.
Vancouver, B.C. V6E 0C3
Office: 604-662-5141

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