NEW PRICE! 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 5.5% 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:13843)
| MLS # | 1042904 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1912 |
| Days On Site | 106 |
| Listing Provided By | RE/MAX Generation | Dallas King |
| SQ Feet | 10,000 |
|---|---|
| Units | 19 |
| Zoning | Unknown |
| Acreage | 0.08 |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric |
| Fireplace Yes / No | No |
| Security Features | Sprinkler System-Fire, Fire alarm system |
|---|---|
| Lot Features | Central location, Corner Site, Other, Rectangular |
| Tax Annual Amount | 18465.8 |
|---|---|
| Tax Lot | 5 |
| Province | BC |
|---|---|
| City | Victoria |
| Postal Code | V8T1B1 |
| Listing VS Median (in V8T1B1) | |
Price: $3,930,000 low | high Med: $3,930,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $393 low | high Med: $393 On site: 106 low | high Med: 106 | |
| Province | BC |
|---|---|
| City | Victoria |
| Postal Code | V8T1B1 |
| Listing VS Median (in V8T1B1) | |
Price: $3,930,000 low | high Med: $3,930,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $393 low | high Med: $393 On site: 106 low | high Med: 106 | |