Listing Details

$1,995,000

Sale Pending

District: Victoria - Vi Fairfield East
370 Richmond
0 Bedroom / 0 Bathroom
Year Built: 1947
Approx Lot Size: 5600 Sq. Ft. (0.13 Acres)

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

ML# 405407

Contact Jordy Harris

(250) 385-2033
 
 
Approximate Room Sizes*
Level Level 1 Level 2 Level 3 Level 4 Other
Sq. Ft. 0

*All Measurements, including lot size are approximate. Buyers to satisfy themselves. Please refer to floor plan.

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