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Patrick OGorman

REALTOR®/Broker

  • Office 778-265-5552
  • Cell 250-891-5180
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1850 Oak Bay Ave, Victoria, British Columbia – $1,680,000

  • $1.7M Price
  • 3,810 Sqft
  • .13 Acres
  • $1.7M Price
  • 3,810 Sqft
  • .13 Acres

1850 Oak Bay Ave

Rare commercial/residential property fronting Oak Bay Ave . The building has undergone renovations and upgrades and is in excellent condition . Ground floor commercial space is currently leased on a month to month lease.Main suite is a large two bedroom, 3 bathroom and is currently vacant. Top floor is a smaller two bedroom one bath suite and is currently vacant.Potential return on the whole building at market rent would be 3.9% on asking price.There may be potential to rezone to short stay on the residential units and increase income . There may also be potential for development to a 4 floor multi family building. This would be an excellent holding property showing good returns with potential for further development . (id:6289)

Essential Information

  • Listing #416253
  • Price$1,680,000
  • Bathrooms0.00
  • Square Footage3,810
  • Acres0.13
  • TypeRetail
  • Sub-TypeFreehold

Community Information

  • Address1850 Oak Bay Ave
  • SubdivisionJubilee
  • CityVictoria
  • ProvinceBritish Columbia
  • Postal CodeV8R1C5

Amenities

  • UtilitiesTelephone
  • FeaturesLevel lot

Listing Details

Office

Pemberton Holmes Ltd. - Oak Bay

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Pemberton Holmes Ltd. - Oak Bay.