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Royal Arms Apartments 1300 Yates St 76 Unit Apartment Building $25,000,000 CAD ($328,947 CAD/Unit) 4.17% Cap Rate Victoria, BC V8S 1Z9
INVESTMENT HIGHLIGHTS
- Upside in rents of 25%-28% to market
- Significant capital upgrades completed with the majority of suites fully upgraded
- Prominent Victoria location
EXECUTIVE SUMMARY
Opportunity to purchase this 77-suite, four-storey, wood framed apartment building was constructed in 1966. The suites are heated by electric baseboard with the building serviced by one (1) Montgomery elevator.
PROPERTY FACTS
| Price | $25,000,000 CAD | Building Class | C |
| Price Per Unit | $328,947 CAD | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 55,375 SF |
| Cap Rate | 4.17% | Average Occupancy | 99% |
| No. Units | 76 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Harrison St. |
| Zoning | R302 - Multiple dwelling district | ||
| Price | $25,000,000 CAD |
| Price Per Unit | $328,947 CAD |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 55,375 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 0.87/1,000 SF |
| Cross Streets | Harrison St. |
| Zoning | R302 - Multiple dwelling district |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | - |
| 1+1 | 15 | - | - |
| 2+1 | 42 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (95)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Royal Arms Apartments | 1300 Yates St
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