HUGE PRICE DROP!!! Incredible investment opportunity in the heart of Esquimalt. This building has 8 large 2 bedroom / 1 bathroom units, and is fully tenanted. Each unit has their own deck, natural gas fireplace, and skylights in each top floor unit. Perfect holding property to receive rental income while waiting to develop a larger multi-family building. Common laundry area, storage lockers and huge crawl space for storage. Brand new upper deck on back of building. Units 1 and 5 have been renovated in 2021. Large above ground parking lot for 13 vehicles. Lots of green space for tenants to enjoy. A short walk into the heart of Esquimalt, and to the ocean. Close to schools, bus routes, groceries and shopping. Don't miss this amazing chance to generate passive income with the peace of mind that future development is possible. (id:47423)
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Detailed Information
Features
Central location
Listing Contract Date
2023-09-20
Municipal ID
004-711-025
Ownership Type
Freehold
# of Parking Spaces
13
Plan
VIP13060
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
RM-4
Zoning
Unknown
Building
Constructed Date
1970
Fire Protection
Fire alarm system, Sprinkler System-Fire
Heating Fuel
Natural gas
Heating Type
Baseboard heaters
Size (Exterior)
7563 square feet
Type
Multi-Family
Land
Total Size
17266 square feet
Access Type
Road access
Size of Irregular Land
17266
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