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$3,550,000
1015 Gillespie Pl, Victoria, BC V8S 3K7
0 Beds
0 Baths
n/a sqft

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Rare opportunity to purchase a Beautiful and Lovingly maintained Character Revenue property in the much sought-after Rockland neighborhood! Featuring: 12 suites - 5 x Bachelor, 5 x 1BR, and 2 x 2BR suites plus a Double-Garage rented out for additional revenue. There is never a vacancy and offering a Cap Rate of 3.4%. The architectural design is Foursquare with Classical Revival elements such as a Central Entry with leaded glass in the Door, Sidelights, and Transom, Tripartite Windows, Doric Columns, and Balusters in the shape of Classical Columns. Situated on a 0.34 Acre property on a quiet cul-de-sac. First time on the market since 2004! Don’t miss this rare investment opportunity!
  • Price:
  • $3,550,000
  • Acreage:
  • 0.38
  • Year Built:
  • 1925
  • Listing ID #:
  • 874317
  • Street Address:
  • 1015 Gillespie Pl
  • City:
  • Victoria
  • Province:
  • British Columbia
  • Postal Code:
  • V8S 3K7
  • County:
  • Capital Regional District
  • Community:
  • Victoria
  • Subarea:
  • Rockland
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Type:
  • Insulation: Ceiling, Insulation: Walls, Stucco, Stucco & Siding, Wood
  • Exterior Features:
  • Balcony, Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden
  • Features:
  • Basement, Bike Storage, Laundry Room, Parking, Storage Room, Transit Nearby, Workshop
  • Flooring:
  • Carpet, Hardwood, Linoleum, Mixed, Softwood, Wood
  • Foundation:
  • Concrete Perimeter, Stone
  • Number Of Units:
  • 12
  • View:
  • City, Mountain(s)
  • Year Built:
  • 1925
  • Gross Income:
  • 176600
  • Net Operating Income:
  • 127727
  • Operating Expense:
  • 48873
  • Conforms To Zoning:
  • R1-B
  • Lot Features:
  • Central Location, Cul-De-Sac, Curb & Gutter, Landscaped, Level, No Through Road, Serviced
  • Lot Size:
  • 0.38
  • Lot Size Units:
  • Acres
  • Lot Square Footage:
  • 16719
  • Originating Mls:
  • Victoria Real Estate Board
  • Terms:
  • Purchaser To Finance
  • Sub Area:
  • Rockland
  • Ownership:
  • Freehold
  • Property Taxes:
  • $16,832
  • Tax Year:
  • 2020
  • Parking Description:
  • On Site
  • Parking Spaces:
  • 12
  • Existing Water:
  • Municipal
  • Heating:
  • Baseboard, Electric
  • Sewage Type:
  • Sewer Connected
  • Listing Provided By Robert Young of Century 21 Queenswood Realty Ltd.

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