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1106 Balmoral Rd, Victoria

MLS® #1042904
About this Property

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)

Property Information

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

Exterior & Lot

Lot Size

3600.0 sqft

Lot Features

Central locationCorner SiteOtherRectangular
Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

None

Security

Sprinkler System-FireFire alarm system

$4,320,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

RE/MAX Generation

Mortgage Calculator
$864,000

Loan Amount:

$3,456,000

Estimated Monthly Payment:

$16,842

This is an estimate for informational purposes only. Consult with a financial advisor.