421 Vancouver St Victoria, British Columbia V8V 3T4
$3,495,000
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. (id:66550)
Property Details
| MLS® Number | 1029992 |
| Property Type | Multi-family |
| Neigbourhood | Fairfield West |
| Features | Central Location, Curb & Gutter, Level Lot, Corner Site, Other |
Building
| Constructed Date | 1912 |
| Fire Protection | Fire Alarm System |
| Heating Type | Baseboard Heaters |
| Size Exterior | 5545 Sqft |
| Type | Multi-family |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 7361 |
| Size Total | 7361 Sqft |
| Size Total Text | 7361 Sqft |
| Zoning Description | Apartment Grd-1 |
| Zoning Type | Unknown |
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April 08 2026 10:38:42
Victoria Real Estate Board
Dfh Real Estate Ltd.