Esquimalt

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516 Admirals Rd
Es Esquimalt Esquimalt V9A 2N4

$1,700,000
Commercial Sale

Main Photo: 516 Admirals Rd in Esquimalt: Es Esquimalt Multi Family for sale : MLS®# 932610
Photo 1: 516 Admirals Rd in Esquimalt: Es Esquimalt Multi Family for sale : MLS®# 932610
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Photo 59: 516 Admirals Rd in Esquimalt: Es Esquimalt Multi Family for sale : MLS®# 932610
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
932610
This is the multi-family property you’ve been waiting for! VACANT and recently updated four-plex centrally located in the heart of Esquimalt with future development opportunity! Three 2-bed 1-bath suites, and one 3-bed 2-bath suite with ample parking on site. Updates include upgraded plumbing & bathrooms, new flooring, paint, skylights and permitted sewer connection. Note that there is a serviced storage building on site that could be transformed into a micro suite making a fifth unit possible. Steps to shopping, parks & recreation facilities, schools and transit… everything is at your doorstep! Downtown Victoria and CFB Esquimalt are only minutes away. This property also has incredible development potential with the OCP designating it as Neighbourhood Commercial Mixed-Use allowing for 6-storeys and a Floor Area Ratio of 2.0. Call about potential land assembly. Virtual walkthrough tour available. (26527109)
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Es Esquimalt, Esquimalt
Bathrooms:
- (Full:-/Half:-)
Lot Size:
7,425.051 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
3,292 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Township of Esquimalt
Legal Description:
Zoning:
Multi-Family
Units in Building:
Units in Community:
Parking Features:
On Site
Total Parking Spaces:
7
Road Surface Type:
Paved
Total Units:
Date Listed:
May 24, 2023
Original Price:
1700000.0
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Virtual Tour

Listed by Coldwell Banker Oceanside Real Estate
Data was last updated June 10, 2023 at 04:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,500,000
Min list price:
$44,000
Max list price:
$7,999,900
Avg days on market:
46
Min days on market:
2
Max days on market:
150
These statistics are generated based on the current listing's property type and located in Esquimalt. 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.