Investor alert! This 5 unit building is truly a turnkey rental and has future potential. With 3 beds, 1 bath on the main ($1,500) and 4 bachelor units above ($495-$500 each unit), your gross rent for the month equates to $3,500 or $42,000 yearly w/ a 5.8% gross cap rate. Built in 1998, this home was built solid and is on an easy care lot w/ a back lane (very rare!) and detached workshop. Just steps to Hillside Mall and on bus routes to UVIC, Camosun, and downtown, this property boasts a prime location and has never had a vacancy. BONUS - 1,012 sq ft unfinished space with 7'5 ceiling height offers future development potential for additional suite (currently a workshop). A rare offering! Realtors note showing schedule.
Address |
1555 Oakland Ave |
List Price |
$730,000 |
Type of Dwelling |
Single Family Detached |
Sub-Area |
Vi Oaklands |
Bedrooms |
7 |
Bathrooms |
5 |
Floor Area |
3,031 Sq. Ft. |
Lot Size |
4800 Sq. Ft. |
Year Built |
1998 |
MLS® Number |
361290 |
Listing Brokerage |
Sutton Group West Coast Realty
|
Postal Code |
V8T 2L1 |
Tax Amount |
$4,934.00 |
Tax Year |
2015 |