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1-8 1860 Crescent Rd
Vi Fairfield East V8S 2G8

$3,650,000
Commercial Sale built: 1949

Main Photo: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 1: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 2: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 3: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 4: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 5: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 6: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 7: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 8: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 9: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 10: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 11: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 12: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 13: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 14: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 15: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 16: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 17: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 18: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 19: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 20: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 21: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 22: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 23: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 24: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 25: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Photo 26: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
859629
Located along Scenic Drive in Victoria, a rare investment opportunity is awaiting a new owner. This property is situated across from one of the best beaches in Victoria - Gonzales Beach- complete with beautiful water views. This complex is made up of 8 units with a mix of one and two bedroom floorpans. Full of character, they feature coved ceilings, oak hardwood floors and archways, and oversized balconies for units on the second level. This well maintained building is professionally managed and has recently been upgraded with new footings/concrete pads/sewage and drainage pipes, a new roof, high efficiency furnace and many suite renovations (all within the last two years) and a fresh new exterior paint job completed this Fall. Don't forget to view the drone video for a fantastic neighbourhood perspective! See supplements about possible future townhouse development potential with rezoning!
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1949 (Age: 71)
Lease Type:
Sale Of Shares, Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fairfield East, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.34 acre(s)
Lot Details:
142 ft wide x 106 ft deep APPROX.
Taxes:
Building Features:
Laundry Room, Parking, Storage Room, Transit Nearby
Construction:
Concrete, Frame Wood, Insulation: Walls, Stucco
New Construction:
No
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
7,374 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer To Lot
Heating:
Hot Water
Fireplace:
No
Pending Date:
Balcony/Deck, Garden
Ocean
Corner of Foul Bay Road and Crescent Road
Main Level
0
Yes
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-G
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Lot Site Features:
Irregular Lot, Southern Exposure
Parking Features:
On Site
Road Frontage Type:
Street
Total Units:
Date Listed:
Nov 04, 2020
Original Price:
3650000.0
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  • Photo 12: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Living Room
  • Photo 13: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 view to garden
  • Photo 14: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Living Room
  • Photo 15: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 kitchen (appliances will be installed shortly)
  • Photo 16: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Living Room
  • Photo 17: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Dining Room
  • Photo 18: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    UNit #7 Primary Bedroom
  • Photo 19: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Bedroom
  • Photo 20: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #7 Bathroom
  • Photo 21: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #4 Living Room
  • Photo 22: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #4 Kitchen
  • Photo 23: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #4 Bedroom
  • Photo 24: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #4 Bathroom
  • Photo 25: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    Unit #4 Primary Bedroom
  • Photo 26: 1-8 1860 Crescent Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 859629
    View from the Balcony Unit #4

Virtual Tour

Listed by RE/MAX Camosun
Data was last updated November 26, 2020 at 10:05 PM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$597,800
Min list price:
$17
Max list price:
$6,800,000
Avg days on market:
115
Min days on market:
9
Max days on market:
1,226
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.