1333 Pandora Av - Apartments FOR SALE


Victoria, BC V8V 3R6
$3,300,000 CAD
250-386-0004

NO PHOTO

$3,300,000 CAD
Apartments - FOR SALE
null | 3.82% Cap Rate

1333 Pandora Av
Victoria, BC V8V 3R6


HIGHLIGHTS

  • 14-unit apartment complex
  • blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood
  • 5 units recently renovated

OVERVIEW

1333 Pandora Avenue is a transit-oriented 14-unit apartment complex located blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood. This 3-storey building has been well maintained and 5 units have been recently renovated. Tenants benefit from an extremely central location, steps from schools, parks, and a full range of amenities. Low vacancy rates (0.9% in 2023 - CMHC) and in place rents that are well below market value provide investors significant income upside on tenant turnover.

FOR SALE DETAILS

PRICE

$3,300,000 CAD

PRICE/SF

$327 CAD /SF

# OF UNITS

14

PRICE/UNIT

$235,714

CAP RATE

3.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,085 SF

ZONING

R3-2

APN/PARCEL ID

001-349-546

ASK ABOUT THIS PROPERTY

Ross Marshall, PRECCBRE, LimitedMore Info
250-386-0004

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Ross Marshall, PRECCBRE, LimitedMore Info
250-386-0004

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