VICTORIA

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340 Linden Ave
Vi Fairfield West Victoria V8V 4E9

$6,645,000
Commercial Sale built: 1913

Main Photo: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 1: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 2: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 3: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 4: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 5: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 6: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 7: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Photo 8: 340 Linden Ave in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 839785
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
839785
Year Built:
1913
The Stanley Apartment is a 16 unit rental building recently fully retrofitted in 2018/2019 by award-winning builder, Abstract Developments. Originally built in 1913, is two blocks from Cook Street Village, and offers a collection of thoughtfully reinvigorated Studio and One bedroom lofts. Each renovated unit offers gourmet stainless steel appliances, in-suite laundry, and are separately metered. The building offers 16 storage lockers and in-building secure bike storage. Cap rate of +/-4.0% based on stabilized net income. Presented clear title to take advantage of attractive interest rates! CMHC financing available at 1.45% for 5yr term and 2.00% for 10 yr term.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1913 (Age: 107)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fairfield West, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.16 acre(s)
Total Unfinished Rooms:
0
Taxes:
Building Features:
Bike Storage
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
8,177 sq. ft.
Commercial Area:
Heating:
Baseboard
Fireplace:
No
Pending Date:
Gas
Bike Storage
Two blocks east of Cook Street Village on the corner of McKenzie St
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:
R3-AM
Units in Building:
Units in Community:
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Total Parking Spaces:
0
Total Units:
Date Listed:
May 19, 2020
Original Price:
6645000.0
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Larger map options:
Listed by Colliers Macaulay Nicolls
Data was last updated August 13, 2020 at 07:30 AM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$450,000
Min list price:
$19,999
Max list price:
$6,645,000
Avg days on market:
86
Min days on market:
1
Max days on market:
1,121
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
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.