VICTORIA

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1124 Fairfield Rd
Vi Fairfield East V8V 3A7

$2,899,000
Commercial Sale built: 1910

Main Photo: 1124 Fairfield Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 875690
Photo 1: 1124 Fairfield Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 875690
Photo 2: 1124 Fairfield Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 875690
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Photo 43: 1124 Fairfield Rd in : Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 875690
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
875690
Year Built:
1910
The Dogwood Manor is a sought-after bright character 9-suite, 4-floor with over 5,200 sq ft investment in the heart of Fairfield Cook Street Village just steps to Dallas Road Waterfront. The property where tenants love to live & people stop to enjoy the beautifully landscaped corner lot with veranda in classic Fairfield charm. Built in 1910 this grand home was converted, retaining the character to multi-family in 1977. There is a large Penthouse 1-bedroom plus den with a huge 645 sq ft ocean view deck & private elevator. Additionally 6 one-bedroom & 2 studios all with balconies, some with fireplaces. Many recent renovations including new gas hot water, flooring & kitchen upgrades. Featuring 3 parking spots, coin-laundry, electrical meter for each suite, bike storage. Unique zoning allows for rentals or you can increase the revenue with a Bed and Breakfast or AirBnB. Gross current long-term income $152,500 annually with lovely tenants makes for low care passive income property.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1910 (Age: 111)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fairfield East, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,098.4 sq. ft.
Taxes:
Building Features:
Bike Storage, Elevator: Passenger, Fire Alarm, Laundry Room, Parking, Transit Nearby
Construction:
Frame Wood, Stucco
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
5,257 sq. ft.
Commercial Area:
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Balcony, Garden
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:
Zoning:
Multi Family
Units in Building:
Units in Community:
Occupancy:
Tenant
Utilities:
Natural Gas Connected
Parking Features:
On Site
Total Parking Spaces:
3
Total Units:
Date Listed:
May 27, 2021
Original Price:
2899000.0
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Virtual Tour

Listed by Sutton Group West Coast Realty
Data was last updated October 20, 2021 at 12:05 AM (UTC)
Area Statistics
Listings on market:
56
Avg list price:
$606,400
Min list price:
$39,900
Max list price:
$12,500,000
Avg days on market:
96
Min days on market:
3
Max days on market:
503
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.