3824 Carey Rd - Apartments FOR SALE


Victoria, BC V8Z 4C4
$4,800,000 CAD
250-414-8378
3824 Carey Rd, Victoria, BC for Sale
$4,800,000 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate

3824 Carey Rd
Victoria, BC V8Z 4C4


HIGHLIGHTS

  • Tenants pay their own heat and hot water, significantly reducing owner expenses
  • Below market rents provide significant upside in income on tenant turnover
  • 28 surface parking stalls on site

OVERVIEW

Colliers is pleased to offer for a sale a 100% interest in Sparwood Apartments, a 20-unit apartment building well located in Saanich. This well maintained apartment building sits on a large +/- 20,210 square foot lot, fronting onto Carey Road, providing tenants with quick access to the Uptown Shopping Centre, and the Pat Bay Highway, one of Victoria’s main highways running north-south from Downtown Victoria to the Swartz Bay ferry terminal.

FOR SALE DETAILS

PRICE

$4,800,000 CAD

PRICE/SF

$238 CAD /SF

# OF UNITS

20

PRICE/UNIT

$240,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,464 SF

ZONING

RA-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John FayadColliersMore Info
250-414-8378

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John FayadColliersMore Info
250-414-8378

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