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$ 4,800,000
Est. payment | /mo
0.46 Acres Lot
$ 4,800,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 972079
Rental Info Unrestricted
Year Built 1977
Annual Tax Amount $21,240
Tax Year 2023
Lot Size 0.460 Acres
Acres 0.46
Property Description
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. Investment highlights include; • Tenants pay their own heat and hot water, significantly reducing owner expenses • Below market rents provide significant upside in income on tenant turnover • Updated vinyl windows and doors throughout the building • 28 surface parking stalls on site • Coin operated laundry on site, two (2) washers and two (2) dryers
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. Investment highlights include; • Tenants pay their own heat and hot water, significantly reducing owner expenses • Below market rents provide significant upside in income on tenant turnover • Updated vinyl windows and doors throughout the building • 28 surface parking stalls on site • Coin operated laundry on site, two (2) washers and two (2) dryers
Location
State BC
County Capital Regional District
Area Sw West Saanich
Exterior
Parking On Site 1
Others
Tax ID 005-532-671
Ownership Freehold
Listed by Colliers
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