Address

1120 Caledonia Ave, Victoria, BC

Price

$2,100,000

Property Description

Exceptional investment opportunity in the heart of Victoria. This well maintained 7 suite revenue property offers strong cash flow, an impressive 5.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Pride of ownership is evident throughout, with clean, updated, and exceptionally well maintained suites offering bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, and owner/caretaker utility and storage areas. A rare and valuable bonus, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation, or premium rental opportunities. Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. An exceptional turnkey investment in a prime Victoria location. Meticulously maintained with no known deferred maintenance.