1300 Yates St - Apartments FOR SALE


Victoria, BC V8S 1Z9
$28,500,000 CAD
250-414-8373
1300 Yates St, Victoria, BC for Sale
$28,500,000 CAD
Apartments - FOR SALE
1/3
null | 3.66% Cap Rate

1300 Yates St
Victoria, BC V8S 1Z9


HIGHLIGHTS

  • Upside in rents of 25%-28% to market
  • Prominent Victoria location
  • Significant capital upgrades completed with the majority of suites fully upgraded

OVERVIEW

Opportunity to purchase this 77-suite, four-storey, wood framed apartment building was constructed in 1966. The suites are heated by electric baseboard with the building serviced by one (1) Montgomery elevator.

FOR SALE DETAILS

PRICE

$28,500,000 CAD

PRICE/SF

$515 CAD /SF

# OF UNITS

76

PRICE/UNIT

$375,000

CAP RATE

3.66%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

45,965 SF

ZONING

R302

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Grant EvansColliersMore Info
250-414-8373

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Grant EvansColliersMore Info
250-414-8373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.