1655 Chambers St - Apartments FOR SALE


Victoria, BC V8T 3J7
$22,500,000 CAD
250-414-8373
1655 Chambers St, Victoria, BC for Sale
$22,500,000 CAD
Apartments - FOR SALE
1/2
null | 3.66% Cap Rate

1655 Chambers St
Victoria, BC V8T 3J7


HIGHLIGHTS

  • Opportunity to buy the Shares of the Bare Trust Corporations
  • Significant capital upgrades completed at both buildings, with the majority of suites fully upgraded
  • Prominent Victoria location on the periphery of the downtown core

OVERVIEW

Opportunity to purchase this 60-suite, four-storey, wood frame apartment building was constructed in 1964. The gross building area is +/- 57,400 SF. The exterior finish is stucco and brick veneer with decorative wood trim and a mansard roof. The suites are heated by gas fired hot water baseboard with the building serviced by one (1) Montgomery elevator.

FOR SALE DETAILS

PRICE

$22,500,000 CAD

PRICE/SF

$392 CAD /SF

# OF UNITS

60

PRICE/UNIT

$375,000

CAP RATE

3.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wedgewood Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1964

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,581 SF

ZONING

R3-2

APN/PARCEL ID

003937089

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.