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Listing by Carey Buntain Avison Young Commercial Real Estate Services, LP
$ 8,900,000
Est. payment /mo
New
971 Market St Victoria, BC V8T 4Z3
24,344 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,344 sqft
Price per Sqft $365
MLS Listing ID 1050261
HOA Y/N No
Year Built 1977
Annual Tax Amount $47,435
Tax Year 2026
Property Sub-Type Multi Family
Property Description
The Avison Young Multi-Family Team is pleased to present North Hill Apartments, a well-maintained 33-unit rental apartment building with one office unit in Victoria's Quadra Village neighbourhood. Situated on a 26,100-sf corner site, the Property has benefited from approximately $530,000 in capital improvements since 2022 including 19 fully renovated suites with dishwashers and stainless-steel appliances. North Hill Apartments features a superior suite mix of 18 one-bedroom & 15 two-bedroom suites with an average suite size of 721 sf. The Property offers a very strong going-in yield with the opportunity to save on Property Transfer Tax through a bare trust share sale.
Location
Province BC
County Capital Regional District
Community Vi Hillside
Area Victoria
Interior
Heating Baseboard
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Building
Water Municipal
Others
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title
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.”