Exceptional investment opportunity in the heart of Victoria. This well maintained 7 suite revenue property offers strong cash flow, an impressive 5.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Pride of ownership is evident throughout, with clean, updated, and exceptionally well maintained suites offering bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, common coin operated laundry for tenants, and owner/caretaker utility and storage areas. Meticulously maintained over the years, this is a true turnkey investment property with no known deferred maintenance, excellent overall condition, and strong in place tenancy. A rare and valuable feature, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique configuration provides versatility rarely found in multi unit investment properties. Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, schools, and major commuter routes, this central location continues to support strong tenant demand and long term rental stability. An exceptional opportunity to acquire a quality multi unit investment property in a prime Victoria location, offering strong existing income, excellent condition, and long term investment appeal. (id:24212)
- Full Address:
- 1120 Caledonia Avenue, Victoria, British Columbia
- Price:
- $ 2,100,000
- MLS Number:
- 1038439
- List Date:
- May 28th, 2026
- Neighbourhood:
- Central Park
- Building Size:
- 5001 sq.ft.
- Lot Size:
- 6440 ac
- Year Built:
- 1903
- Taxes:
- $ 6,073
- Ownership Type:
- Freehold
Property Specifications
- Air Conditioning:
- None
- Heating:
- Electric
Interior Features
- Building Size:
- 5001 sq.ft.
- Zoning:
- Unknown
- Garage Spaces:
- 4
Building Features
Floors
- Lot Size:
- 6440 ac
Land
Neighbourhood Features
Ratings
Commercial Info
- Number of Units:
- 7
Location
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Neighbourhood Details
Agent: Mike GiordanoBrokerage: eXp Realty
Phone: 250-884-0885
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