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681 Herald St 17 Unit Apartment Building $4,500,000 CAD ($264,706 CAD/Unit) Victoria, BC V8W 1S8
Investment Highlights
- Well maintained apartment building with little to no cap ex required.
- Below market rents offering great upside upon tenant turnover.
- Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.
- Ideally located in downtown Victoria just steps from grocery stores, cafes, restaurants, shopping and major transit corridors.
Executive Summary
Colliers is pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria’s downtown core. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location.
Property Facts
| Price | $4,500,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $264,706 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 17 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2010 |
| Zoning | OTD-1 - Old Town District | ||
| Price | $4,500,000 CAD |
| Price Per Unit | $264,706 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,000 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Zoning | OTD-1 - Old Town District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (92)
Bike Score®
Biker's Paradise (96)
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Videos
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681 Herald St
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