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731 Princess Ave
Vi Downtown Victoria V8T 1K5

$675,000
Residential beds: 5 baths: 2.0 1,493 sq. ft. built: 1910

Main Photo: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
Photo 1: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
Photo 2: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
Photo 3: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
Photo 4: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
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Photo 20: 731 Princess Ave in Victoria: Vi Downtown House for sale : MLS®# 922758
Status:
Active
Prop. Type:
Residential
MLS® Num:
922758
Bedrooms:
5
Bathrooms:
2
Year Built:
1910
This is a rare opportunity to get in on a Victoria core with redevelopment potential and be a great holding property or an excellent location to run your own business. The zoning allows for live/work, light industry, transient accommodations, office, and limited retail use and is one of the last undeveloped properties in an area already surrounded by other businesses. Properties like this are rare and the savvy investor will be able to make money here. This 5-bedroom property went through an extensive renovation in 2015 including a new foundation and roof. Rooms are rented individually and there is potential for more revenue depending on the purchaser's plans. Collect rent while you finalize your development plans or keep this in your long-term rental portfolio. Extremely low maintenance backyard and great tenants make this a low effort, high return rental.
Property Type:
Residential
Type:
Single Family Detached
Year built:
1910 (Age: 113)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,493 sq. ft.
Listing General Location:
Vi Downtown, Victoria
Bedrooms:
5
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
2,352.016 sq. ft.
Kitchens:
1
Taxes:
Construction:
Frame Wood, Stucco
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Fibreglass Shingle
Levels:
1
Ceiling Heights:
Total Building Area:
1,493 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
3
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
1,063 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
430 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
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:
Accessibility:
Ground Level Main Floor
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Owner
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Rectangular Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
2
Rent Includes:
Electricity, Heat, Hot Water
Total Units:
Date Listed:
Feb 06, 2023
Original Price:
699900.0
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Listed by Royal LePage Coast Capital - Oak Bay
Data was last updated March 25, 2023 at 08:05 AM (UTC)
Area Statistics
Listings on market:
155
Avg list price:
$599,000
Min list price:
$35,000
Max list price:
$9,299,900
Avg days on market:
51
Min days on market:
1
Max days on market:
493
Avg price per sq.ft.:
$904.38
These statistics are generated based on the current listing's property type and located in Vi Downtown. 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.