1106 Balmoral Rd, Victoria
Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, ''The Normandie'' offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water. Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1.7km to Royal Jubilee Hospital, on a strong transit corridor. A stable, well-maintained long-term hold priced to reflect a 5.0% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA. Contact listing agent for the complete offering package. (id:62865)
Status
Active
Year Built
1912
Property Type
Multi-Family
Ownership
Freehold
Annual Tax
$18,466
Zoning
Unknown
Parcel Number
000-808-121
Data Source
Victoria Real Estate Board
Lot Size
3600.0 sqft
Lot Features
Heating
Baseboard heaters, Electric
Cooling
None
Security
$4,320,000
Office
RE/MAX Generation
Loan Amount:
$3,456,000
Estimated Monthly Payment:
$16,842
This is an estimate for informational purposes only. Consult with a financial advisor.
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