Victoria-Langford Apartment Investment
32 Strata Titled Rental Units Apartment Investment
A 2004 four storey wood frame building, rented out by the developer since completion.A rental covenant attached to the subject expires in 2017 after which the units could be offered for sale for individual sale.
Suites are a unique design with high ceilings and large deck areas.
The top floor is comprised of two level units, of of which is a 4 Bed/4 Bathroom unit, Suite sizes range 686 sq.ft to 1,280 sq.ft. Suite mix: 1 loft unit, 2-one bedroom units, 17-two bedroom units, 11-three bedroom units, 1- four bedroom unit for a total of 32 suites.
Each unit has in-suite storage & laundry, heat is baseboard electric, some units have electric fireplaces.
Roof Wood frame with torch on membrane cover.
Exterior stucco, hardiplank and novabrik. Windows double pane with vinyl sash.
Property size: 39,424 sq.ft. Building Area 36,268 sq.ft.
Price Based on 4.5% cap rate
Information contained herein are from sources we believe to be reliable although not guaranteed by RE/MAX Camosun and or Fred Carver.
Financial projections supplied by the owner based on their experience and knowledge of the local current rental market.
32 Strata Titled Rental Apartment Complex