A Victoria rental apartment building has sold for $5.25 million, JLL Canada tells Western Investor.
The 21-unit, four-storey property was built in 1969 on a 16,200-square-foot lot. Casa Jubilee is located in the heart of the Capital Regional District, close to Downtown Victoria and Royal Jubilee Hospital. The site offers exceptional cash flow and a healthy capitalization rate. The apartment was listed for $5.5 million and sold in less than three weeks.
The property was located at 1555 Jubilee Ave., Victoria.
Breakdown:
Price: $5,250,000
No. of Units: 21
Price/Unit: $250,000
Lot Size: 16,200 SF
Property Type: Multi-family
Zoning: R3-AM-1
2016 B.C. Assessment Value: $3,537,000
Date of Sale: 10/31/2017
City: Victoria
Province: B.C.
Name of Brokerage: JLL Canada
Do you have a Done Deal you'd like to promote? Submit here for a free posting!
