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1015 Gillespie Pl
Vi Rockland V8S 3K7

$3,550,000
Commercial Sale built: 1925

Main Photo: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 1: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 2: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 3: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 4: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 5: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 6: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 7: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 8: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 9: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 10: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 11: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 12: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 13: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 14: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 15: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 16: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 17: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Photo 18: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
874317
Year Built:
1925
Rare opportunity to purchase a Beautiful and Lovingly maintained Character Revenue property in the much sought-after Rockland neighborhood! Featuring: 12 suites - 5 x Bachelor, 5 x 1BR, and 2 x 2BR suites plus a Double-Garage rented out for additional revenue. There is never a vacancy and offering a Cap Rate of 3.4%. The architectural design is Foursquare with Classical Revival elements such as a Central Entry with leaded glass in the Door, Sidelights, and Transom, Tripartite Windows, Doric Columns, and Balusters in the shape of Classical Columns. Situated on a 0.34 Acre property on a quiet cul-de-sac. First time on the market since 2004! Don’t miss this rare investment opportunity!
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1925 (Age: 96)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Rockland, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,552.8 sq. ft.
Lot Details:
134.4 x 124.4
Taxes:
Building Features:
Basement, Bike Storage, Laundry Room, Parking, Storage Room, Transit Nearby, Workshop
Construction:
Insulation: Ceiling, Insulation: Walls, Stucco, Stucco & Siding, Wood
Foundation:
Concrete Perimeter, Stone
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Carpet, Hardwood, Linoleum, Mixed, Softwood, Wood
Total Building Area:
7,082 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Balcony, Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden
City, Mountain(s)
Turn left or right from Rockland Ave onto Gillespie Pl
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:
City of Victoria
Legal Description:
Zoning:
R1-B
Units in Building:
Units in Community:
Lot Site Features:
Central Location, Cul-De-Sac, Curb & Gutter, Landscaped, Level, No Through Road, Serviced
Parking Features:
On Site
Total Parking Spaces:
12
Total Units:
Date Listed:
Apr 30, 2021
Original Price:
3550000.0
  • Photo 1: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
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  • Photo 2: 1015 Gillespie Pl in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 874317
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Listed by Century 21 Queenswood Realty Ltd.
Data was last updated June 19, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
56
Avg list price:
$787,200
Min list price:
$29,999
Max list price:
$10,100,000
Avg days on market:
66
Min days on market:
2
Max days on market:
1,431
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.

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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.