Listings

Pending

370 Richmond Ave

$1,990,000

Victoria

$1,990,000

Beds:

Baths:

Finished Size: sqft

Lot Size: 5600 sqft, 0.129 acres

Finished: ft
2

Lot: 5600 ft

2, 0.129 acr

MLS®: 405407


Features

Building Information

Year Built: 1947

Other Information

Lot Shape: Irregular

Taxes: $6116


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Immaculate Purpose built 6 suite Apartment block in sought after Fairfield. The 6 x 1 Bedroom art deco era character suites have all had recent updates including new flooring, updated bathrooms (most suites), paint, fixtures, etc. New 400 amp electrical upgrade, recently insulated walls, newer windows and exterior doors & common area heat pump. New coin-op laundry and 3 detached garages that generate an additional $550 p/m. All suites currently rented well below what the market bears but still generates a gross income of 90,192 including Coin-op Laundry and Garages (Net of $77,050). Plenty of latent value awaits. Located close to shopping, public transit and local beaches. VERY RARE opportunity in this coveted location. Building/Drain Inspection available! *Vendor Financing an Option for qualified buyers* PRICE IS FIRM
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