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Adriana Preston

hello@adrianapreston.com +1(250) 859-0177

$ 1,850,000

Est. payment | -/mo

7 Beds

8 Baths

5,001 SqFt

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$ 1,850,000

Est. payment | -/mo

Save

7 Beds

8 Baths

5,001 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5001

Square Footage 5,001 sqft

Price per Sqft $369

Subdivision Central Park

MLS® Listing ID 1043765

Bedrooms 7

Year Built 1903

Lot Size 6,440 Sqft

Acres 6440.0

Property Sub-Type Freehold

Property Description

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.55% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria's most consistently high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property's central location continues to attract quality tenants and support long term rental stability. Whether you're expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 3.0

Extra Room 1 Second level 12'6 x 19'6 Bedroom

Extra Room 2 Second level 12'6 x 13'7 Bedroom

Extra Room 3 Second level 3-Piece Bathroom

Extra Room 4 Second level 11'10 x 11'6 Kitchen

Extra Room 5 Second level 12'0 x 13'6 Kitchen

Extra Room 6 Second level 3-Piece Bathroom

Interior

Heating Baseboard heaters

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Others

Ownership Freehold

Listed by eXp Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 859-0177

hello@adrianapreston.com

1120 Caledonia Ave Victoria, BC V8T1G1

Adriana Preston

Key Details

Location

Rooms

Interior

Exterior

Others

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1120 Caledonia Ave