Fairfield West

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1125 Oscar St
Vi Fairfield West Victoria V8V 2X3

$6,900,000
Commercial Sale

Main Photo: 1125 Oscar St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 984957
Photo 1: 1125 Oscar St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 984957
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
984957
Presenting for sale, 1125 Oscar Street in Victoria, BC. This exceptionally-well maintained apartment building, known as Bellwood Place, has been with the same owner for over 35 years, and features 24 residential suites on 18,762 SF of land. Situated steps from Cook Street Village, this ideally located multi-family property offers tenants an unmatched blend of village style amenities and proximity to iconic waterfront parklands, all while only minutes from Downtown Victoria. Owners will benefit from a neighbourhood with extremely high rental demand and under market rents (31% spread to market), which will provide income upside on tenant turnover.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Listing General Location:
Vi Fairfield West, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
$32,435 / 2024
Total Building Area:
18,762 sq. ft.
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
6763000.0
Assessment year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
LOT A, FAIRFIELD FARM ESTATE, VICTORIA CITY, PLAN 24686
Parking Features:
On Site
Total Units:
24
Date Listed:
Jan 20, 2025
Original Price:
6900000.0
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Listed by CBRE Limited
Data was last updated January 22, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
70
Avg list price:
$857,450
Min list price:
$39,879
Max list price:
$6,900,000
Avg days on market:
103
Min days on market:
1
Max days on market:
737
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.