About this home
NEW PRICE! Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, ''The Normandie'' offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water. Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1.7km to Royal Jubilee Hospital, on a strong transit corridor. A stable, well-maintained long-term hold priced to reflect a 5.5% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA. Contact listing agent for the complete offering package. (id:67468)
Property details
- Property type
- Multi-family
- Ownership
- Freehold
- Year built
- 1912
- Building area
- 10,000 sq ft
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Lot size
- 3,600 sq ft
- Zoning
- Unknown
- Annual property taxes
- $18,465.80
- Units
- 19
