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$3,650,000 $3,550,000
1860 Crescent Rd 1-8, Victoria, BC V8S 2G8
0 Beds
0 Baths
n/a sqft

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Located along Scenic Drive in Victoria, a rare investment opportunity is awaiting a new owner. This property is situated across from one of the best beaches in Victoria - Gonzales Beach- complete with beautiful water views. This complex is made up of 8 units with a mix of one and two bedroom floorpans. Full of character, they feature coved ceilings, oak hardwood floors and archways, and oversized balconies for units on the second level. This well maintained building is professionally managed and has recently been upgraded with new footings/concrete pads/sewage and drainage pipes, a new roof, high efficiency furnace and many suite renovations (all within the last two years) and a fresh new exterior paint job completed this Fall. Don't forget to view the drone video for a fantastic neighbourhood perspective! See supplements about possible future townhouse development potential with rezoning!
  • Price:
  • $3,550,000
  • Acreage:
  • 0.34
  • Year Built:
  • 1949
  • Listing ID #:
  • 859629
  • Street Address:
  • 1860 Crescent Rd 1-8
  • City:
  • Victoria
  • Province:
  • British Columbia
  • Postal Code:
  • V8S 2G8
  • County:
  • Capital Regional District
  • Community:
  • Victoria
  • Subarea:
  • Fairfield East
  • Listing Status:
  • Active
  • Building Condition:
  • Updated/Remodeled
  • Construction Type:
  • Concrete, Frame Wood, Insulation: Walls, Stucco
  • Exterior Features:
  • Balcony/Deck, Garden
  • Features:
  • Laundry Room, Parking, Storage Room, Transit Nearby
  • Number Of Units:
  • 8
  • View:
  • Ocean
  • Year Built:
  • 1949
  • Gross Income:
  • 145029
  • Net Operating Income:
  • 94533
  • Operating Expense:
  • 50496
  • Conforms To Zoning:
  • R1-G
  • Lot Features:
  • Irregular Lot, Southern Exposure
  • Lot Size:
  • 0.34
  • Lot Size Units:
  • Acres
  • Lot Square Footage:
  • 14857
  • Road Frontage Type:
  • Street
  • Days On Market:
  • 72
  • Originating Mls:
  • Victoria Real Estate Board
  • Previous Listing Price:
  • 3650000
  • Restrictions:
  • Easement/Right Of Way
  • Terms:
  • Purchaser To Finance
  • Street Type:
  • Rd
  • Sub Area:
  • Fairfield East
  • Ownership:
  • Freehold
  • Property Taxes:
  • $16,201
  • Tax Year:
  • 2020
  • Pet Allowed:
  • Yes
  • Parking Description:
  • On Site
  • Existing Water:
  • Municipal
  • Heating:
  • Hot Water
  • Sewage Type:
  • Sewer To Lot
  • Listing Provided By Romi Lagadin of RE/MAX Camosun

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