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516 Quadra Street in VICTORIA: Vi Fairfield West Revenue 5+ Multiplex for sale (Victoria) : MLS®# 417374

516 Quadra Street VICTORIA V8V 3S3 : Vi Fairfield West

Main Photo: 516 Quadra Street in VICTORIA: Vi Fairfield West Revenue 5+ Multiplex for sale (Victoria)  : MLS®# 417374
$3,250,000
Prop. Type:
Commercial
MLS® Num:
417374
Status:
Active
Build. Type:
Multi-Family
ATTN: INVESTORS, DEVELOPERS! REDEVELOPMENT POTENTIAL IN DOWNTOWN VICTORIA. HUMBOLDT VALLEY AREA! Zoned R3-AM-1, present zoning allows for 4 stories. Property backs onto St. Ann's Academy on Humboldt Street. A short walk to the Inner Harbour, Parliament Buildings, The Royal BC Museum and Beacon Hill Park. This 13 Unit Character Revenue Property has been wonderfully maintained by the same owner for over 40 years. Features wood floors and detailing, high ceilings; laundry, storage and rear lane access to parking. Lot is on approximately 1/3 of an acre with redevelopment potential for a minimum of a 6 story complex. ***ALSO POTENTIAL*** to include 2 adjacent properties, 522 and 526 Quadra St.,a beautiful heritage home and a lovely bungalow - for a total of approximately 0.6 of an acre for a larger development.
Property Type:
Commercial
Commercial Type:
Multi-Family (5+ Units)
Type:
Revenue 5+ Multiplex
Total Finished Rooms:
0
Total Unfinished Rooms:
0
Lot Size:
Switch units of measure0.33 acre(s)
Lot Details:
Rect.
Lot Width:
Switch units of measure80'
Title to Land:
Freehold
Building Type:
Multi-Family
Exterior Features:
Parking
Exterior Finish:
Stucco
Foundation:
Frame Wood
Heating:
Baseboard, Hot Water
Onsite Parking:
Yes
Water supply:
City/Munic.
Waste Disposal:
Sewer
Between Humboldt and Southgate. Pls do not disturb tenants on properties or walk properties without consent. Thank you.
Bike Storage
Bus Service, Sidewalk
Gross Taxes:
13492.31
For Tax Year:
2019
Assessed:
2573500.0
Assessment year:
2019
Assessment Roll Number:
3192006
Financing Options:
Clear Title, Purchaser To Finance
Revenue Property (Y/N):
Yes
Jurisdiction name:
City of Victoria
Legal Description:
Lot 4;District Lots 1558, 1559 and 1696, Victoria District, Plan 2632
Land District Number:
57
Zoning:
R3-AM--1
P.I.D.:
006-291-384
Possession Details:
Upon Completion, Suite A: stove is tenant's
Area Size Estimated:
Yes
Hot Water:
Oil
Total Units in Complex:
13
1-Bedroom Units:
7
Bachelor Units:
6
Business Name:
Haven Apartments
Business Type:
Accommodation
Commercial Area:
Core (excl Downtown)
Total Building Area:
Switch units of measure8,000 sq. ft.
Lot Site Features:
Landscaped, Level
Building Features:
Basement, Bike Storage, Carpet & Lino, Control Entry, Fire Alarm, Floor: Hardwood, Floor: Lino, Floor: Softwood, Kitchen, Laundry Room, Storage Room
Price Includes Building:
Yes
Price Includes Business:
Yes
Price Includes Land:
Yes
Sale type:
Sale Price
Transaction Type:
For Sale
Number of Units in Building:
13
Number of Storeys:
2
Date Listed:
Oct 30, 2019
Original Price:
$3,250,000
Listed by Ron Macdonald and Cheryl MacMillan of Pemberton Holmes - Cloverdale
Data was last updated February 19, 2020 at 04:05 PM (UTC)
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.