Jenny Wu

Personal Real Estate Corporation

My Listings

1120 May St
Vi Fairfield West Victoria V8V 2S5

$2,890,000
Commercial Sale built: 1912

Main Photo: 1120 May St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 915510
Photo 1: 1120 May St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 915510
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
915510
Year Built:
1912
Fantastic 10-unit revenue property at the best location of Cook St Village & Beacon Hill Park! Steps to Dallas Road waterfront and beaches. This income producing multifamily consists of 3 two-bedroom, 1 one-bedroom, and 6 studio suites. R1-B Zoning, Multi-Family Conversion. 4 detached garages, onsite parking at the back and plenty of off street parking. Separate Hydro meters for each unit. Coin operated shared laundry. Low maintenance landscaping. Great investment potential for rezoning and future high density development. In the heart of Fairfield, one of the finest neighborhoods in Victoria, short strolls to all amenities, parks, bus routes and downtown Victoria. A rare offering!
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1912 (Age: 110)
Lease Type:
Sale Price
Listing General Location:
Vi Fairfield West, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,249.057 sq. ft.
Lot Details:
60 ft wide x 135 ft deep
Taxes:
$10,961 / 2022
Building Features:
Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Storage Room
Construction:
Stucco & Siding
New Construction:
No
Foundation:
Concrete Perimeter
Floor finish:
Mixed
Total Building Area:
6,582 sq. ft.
Commercial Area:
Core (excl Downtown)
Water supply:
Municipal
Sewer:
Sewer To Lot
Heating:
Baseboard, Electric, Hot Water
Fireplace:
No
Balcony/Deck
Main Level
0
Yes
No
Unrestricted
Assessed:
2411000.0
Assessment year:
2021
Jurisdiction name:
City of Victoria
Legal Description:
LOT 55, FAIRFIELD FARM ESTATE, VICTORIA CITY, PLAN 937
Zoning:
R1-B ZONE, SINGLE FAMILY
Units in Building:
10
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Utilities:
Recycling
Lot Site Features:
Central Location, Park Setting, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
5
Total Units:
10
Date Listed:
Oct 08, 2022
Original Price:
2890000.0
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Data was last updated December 3, 2022 at 04:05 PM (UTC)
Area Statistics
Listings on market:
67
Avg list price:
$399,000
Min list price:
$35,000
Max list price:
$13,200,000
Avg days on market:
61
Min days on market:
5
Max days on market:
331
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.