Vic West

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504 Selkirk Ave
VW Victoria West V9A 2T1

$1,499,000
Commercial Sale

Main Photo: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 1: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 2: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 3: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 4: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 5: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 6: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 7: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 8: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 9: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 10: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 11: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 12: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
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Photo 24: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
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Photo 41: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 42: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 43: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 44: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 45: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 46: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 47: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 48: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Photo 49: 504 Selkirk Ave in : VW Victoria West Multi Family for sale (Victoria West)  : MLS®# 845417
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
845417
The seller has had a professional appraisal done by commercial appraiser D.R. Coell & Associates to determine market value. The appraisal has come back at $1,650,000. Seller is motivated to sell and is encouraging offers. This is a great opportunity to purchase at less than appraised value! This 6 unit revenue property grosses $99,960/year with a 3.8% Cap Rate. Built in 1907 by Richard. F Stephens who operated a close by boatyard, this property overlooks Selkirk waterway. Steps to the water, bus stops, rec center, coffee shops, groceries, and minutes to downtown Victoria this location can't be beat. 5 legal suites with one unauthorized Suite, existing tenancy's in place with one vacant suite. Turnkey investment property ready for new ownership - this one is a moneymaker! Check out the Virtual Tour, Video, and Floor Plans!
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
VW Victoria West, Victoria West
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.18 acre(s)
Lot Details:
59 ft wide
Total Unfinished Rooms:
0
Taxes:
Building Features:
Parking, Transit Nearby
Construction:
Concrete, Frame Wood, Insulation: Walls, Stucco & Siding
Ceiling Heights:
Floor finish:
Carpet, Hardwood, Tile, Vinyl
Total Building Area:
3,810 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
Other
Heating:
Forced Air
Fireplace:
No
Pending Date:
Electric
Vinyl Frames
Balcony/Deck, Balcony
City, Water
Ocean Front
0
Yes
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:
RB-1
Units in Building:
Units in Community:
Lot Site Features:
Curb & Gutter, Rectangular Lot, Sidewalk
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
On Site
Total Parking Spaces:
0
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 22, 2020
Original Price:
1499000.0
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Larger map options:
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated August 13, 2020 at 07:30 AM (UTC)
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.