370 Richmond Ave, MLS 405407, Victoria

1995000
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MLS® #: 405407
370 Richmond Ave, Victoria V8S3Y1
Victoria British Columbia V8S3Y1
1995000

Immaculate Purpose built 6 suite Apartment block in sought after Fairfield. The 6 x 1 Bedroom art deco era character suites have all had recent updates including new flooring, updated bathrooms (most suites), paint, fixtures, etc. New 400 amp electrical upgrade, recently insulated walls, newer windows and exterior doors & common area heat pump. New coin-op laundry and 3 detached garages that generate an additional $550 p/m. All suites currently rented well below what the market bears but still generates a gross income of $90,192 including Coin-op Laundry and Garages (Net of $77,050). Plenty of latent value awaits. Located close to shopping, public transit and local beaches. VERY RARE opportunity in this coveted location. *Vendor Financing an Option* (id:24212)

Property Overview

Downtown Victoria Victoria Victoria 370 Richmond Ave, Victoria V8S3Y1 British Columbia V8S3Y1
405407 1995000

Property Specifications

5600 sqft acres
1947

Building Features

Mike Chubey Newport Realty Ltd.

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