Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.
Address
421 Vancouver St
List Price
$3,495,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Fairfield West
Lot Size
7361 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
Year Built
1912
MLS® Number
1029992
Listing Brokerage
DFH Real Estate Ltd.
Postal Code
V8V 3T4
Tax Amount
$12,696.00
Tax Year
2025
Features
Baseboard, Carpet, Hardwood, Tile, Vinyl
Amenities
Balcony, Central Location, Corner Lot, Curb & Gutter, Easy Access, Fencing: Partial, Landscaped, Level, Sidewalk