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681 Herald St Victoria, BC V8W 1S8
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1023363
Rental Info Unrestricted
Annual Tax Amount $16,683
Tax Year 2025
Property Sub-Type Multi Family
Property Description
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 at an approximate +/-4.5% cap rate. 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. This well maintained apartment building features 16 bachelor suites, and one two-bedroom suite, with shared coin operated laundry available on-site. Efficiently run building with minimal common area costs, no elevator, and low ongoing maintenance requirements.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Exterior
Parking On Site 1
Others
Tax ID 009-375-767
Ownership Freehold
Listed by Colliers
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