VICTORIA

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1031 Terrace Ave
Vi Rockland V8S 3V2

$2,999,900
Commercial Sale built: 1905

Main Photo: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 1: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 2: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 3: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 4: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
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Photo 19: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 20: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 21: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 22: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Photo 23: 1031 Terrace Ave in : Vi Rockland Multi Family for sale (Victoria)  : MLS®# 863445
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
863445
Year Built:
1905
Classic 10 Suite Rockland Revenue Property! Featuring: 1 x 2BR, 4 x 1BR, and 5 x Bachelor Suites. First time on the market since 2003! This 2½-storey Tudor Revival Arts & Crafts style house was designed by architect Samuel Maclure with an admiration and influence from the work of Frank Lloyd Wright. Situated on a large 0.62 Acre property that offers further potential for development. Some suites offer Panoramic Views of Mt. Baker, Ocean and Amazing Sunrises to the East! A rare opportunity to purchase a character investment property in one of Victoria’s most sought after neighbourhoods!
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1905 (Age: 116)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Rockland, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.62 acre(s)
Taxes:
Building Features:
Basement, Laundry Room, Parking
Construction:
Stucco, Wood
Foundation:
Concrete Perimeter, Stone, Other
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Hardwood, Wood
Total Building Area:
6,605 sq. ft.
Commercial Area:
Water supply:
Municipal
Heating:
Natural Gas
Fireplace:
No
Pending Date:
Balcony/Patio, Fencing: Partial, Garden
Mountain(s), Ocean
Off Oak Bay Ave turn up Terrace Ave. The property is on the left.
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:
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Total Units:
Date Listed:
Jan 21, 2021
Original Price:
2999900.0
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Virtual Tour

Listed by Century 21 Queenswood Realty Ltd.
Data was last updated February 28, 2021 at 04:05 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$787,000
Min list price:
$28,500
Max list price:
$9,700,000
Avg days on market:
139
Min days on market:
3
Max days on market:
1,320
These statistics are generated based on the current listing's property type and located in Victoria. 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.