I have sold a property at 936 Queens Ave in Victoria on Nov 5, 2021. See details here
Completely vacant 6 unit character conversion at Central Park & Crystal Pool. This coveted legal, non-conforming conversion; R-2 Family/Duplex zone comprises: 3 legal suites at 940 Queens Ave. & 2 legal suites + 1 unauthorized suite at 936 Queens Ave. Move-in ready or get renovating immediately upon possession. Potential Stabilized Effective Gross Income (EGI) over $12,000/mo.! CMHC vacancy 0.9%. Consult Schedule G for unauthorized dwelling unit. New 400A Electrical hardware installed in 2021 should new ownership wish to continue upgrading this old gem. Occupancy Permit in Supplements. New roof approx. 2011. Showing Schedule on Touchbase. All measurements to be verified. Owner currently pays above-ground oil-fired radiant heat & domestic gas-fired hot water. Unverified 2020 expense roll:Property Tax $7,600; City Utilities $1,262; Insurance $5,356; Hydro $1,460; Fortis $680; Oil $4,838. Typical expense ratios ~30% of EGI. This one will earn well in any portfolio! See Realtor Notes.