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Victoria's lowest entry point for a 5-unit revenue property rewards the right buyer with verified financials, stable tenancies, and income records going back over a decade. Professionally managed since March 2015, this investment includes 4×1-bed suites and 1×2-bed suite, 5 parking spots, bike storage, and coin laundry. Walkable access to groceries, transit, and services in Oak Bay/Jubilee is exactly what keeps the units filled, and gross annual revenue of $75,732 reflects stable, long-term tenancies. Hands-on investors have room to improve their cap rate: self-management eliminates management fees, and taking on the low-maintenance landscaping reduces operating costs further. This is the ideal entry point for the solo investor adding their first multi-unit to a growing portfolio, or a small group ready to put their capital to work together.
Listed by Clover Residential Ltd.| Property Type | Condo / Townhouse |
|---|---|
| Bedrooms | 6 |
| Bathrooms | 5 |
| Floor Space | 3465 |
| Lot Size | 0.14 acres |
| Year Built | 1910 |
| Fireplace | 2 |
| Unfin. Sq. Ft. | 203 |
| Level 1 Sq Ft | 1368 |
| Level 2 Sq Ft | 1308 |
| Level 3 Sq Ft | 789 |
| Lot Size | 6180 square feet |
| Basement | None |
| Parking | Driveway |
| Laundry | Common Area |
| Cooling | None |