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7 Bed Revenue 4-Plex in Victoria

Sold 2019-05

$998,000

2315 WARK St
MLS® NO: 408352

Description

Fantastic Revenue Property opportunity! Well maintained 1911 built home with FOUR non-conforming suites, in a selection of sizes, totaling 7 Bdr, plus a separate garage, with parking on the lane. Much of the character still exists in this home such as high ceilings, refurbished double-hung wood windows, original woodwork & trim that has been refinished, and the outside finials have been replaced. A new roof in 2017, recent gas furnace, and replaced electrical wiring & panel are a few of the updates. This home has great tenants, and is on a quiet tree-lined street that has seen remarkable refurbishment & community pride transform this neighbourhood into a gem! It’s only a block or two to Quadra Village, grocery shops, Crystal Pool Rec Centre, Save-on-Foods Memorial Arena, and main transit. And just a few blocks to downtown. Walkscore=94. This property produces over $62,000 gross revenue and offers a 4.8 cap rate. Info package available. If important, please verify size

General

Property Type:Revenue 4-Plex
Layout:Other
Taxes:$4,913
Tax Year:2018
Finished Sq. Ft.:3,467
Unfinished Sq. Ft.:440
Year Built:1911
Elementary School:61 George Jay
Junior School:61 Central
Senior School:61 Vic High

Display Full Description

Interior Details

Bedroom(s): 7
Bathroom(s): 4
Basement Type: Full, Walk-out, With Windows
Interior Features: Blinds, Flrs/Lino, Flrs/W-W Carpet, Flrs/Wood
Appliances Included: Dryer, Fridge, Oven/Range Gas, Washer

Building Details

Foundation: Concrete Poured
Exterior Finish: Stucco
Roof: Fibreglass Shingle
Heat/Air: Forced Air
Fuel: Electric, Gas
Exterior Features: Workshop

Site Influences

Lot SqFt: 7,050
Acres: 0.16
Frontage: 50.00
Depth: 141.00
Lot Shape: Rect.
Water: City/Munic.
Waste: Sewer
Zoning: Other
Parking: Driveway, Street Only

Strata Lot Information

Rental Restrictions: Unrestricted
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats, Dogs

Room Dimensions

Level 1 - 0 sqft

Living:16x13
Kitchen:14x11
Mast Bdrm:13x12
Bathroom:4 piece

Level 2 - 0 sqft

Kitchen:8x8
Mast Bdrm:14x11
Bathroom:4 piece

Level 3 - 895 sqft

Living:16x12
Kitchen:16x9
Mast Bdrm:14x12
Bathroom:4 piece
Bedroom:11x11

Level 4 - 1,301 sqft

Living:13x13
Dining:14x10
Kitchen:10x10
Mast Bdrm:17x10
Bathroom:4 piece
Bedroom:18x9
Bedroom:9x8

Property Details

Beds: 7
Baths: 4
Sq. Feet: 3,467
Year Built: 1911
Property Type: Revenue 4-Plex
Municipality: Victoria

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Listed with:

Nicole Burgess - Pemberton Holmes - Cloverdale
Phone: (250) 661-7630 Fax: (250) 984-0821

Walt Burgess - Pemberton Holmes Ltd - Sidney
Phone: (250) 384-8124 Fax: (778) 426-8214

Diana Winger - Pemberton Holmes - Cloverdale
Phone: (250) 588-8839 Fax: (250) 380-6355

Rick Couvelier - Pemberton Holmes - Cloverdale
Fax: (250) 472-0074