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1010 Balmoral Rd
Vi Central Park Victoria V8T 1A8

$1,600,000
Commercial Sale

Main Photo: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
Photo 1: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
Photo 2: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
Photo 3: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
Photo 4: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
984605
The opportunity exists to acquire a 100% interest in a seven-unit apartment building with potential for redevelopment in the City of Victoria. Designated as “Housing Opportunity” in the City of Victoria’s Official Community Plan, which permits density of up to 2.5:1 FSR for development projects where there is a substantial public benefit. Centrally located on the outskirts of Downtown Victoria with easy access to main bus routes along both Vancouver Street and Cook Street. Amenity rich location steps away from numerous coffee shops, restaurants, grocery stores, fitness studios, Save on Foods Memorial Centre, Royal Athletic Park and many others.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Vi Central Park, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
12,150 sq. ft.
Taxes:
$8,033.54 / 2023
Total Building Area:
4,848 sq. ft.
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1726000.0
Assessment year:
2024
Jurisdiction name:
City of Victoria
Legal Description:
LOT A, PLAN VIP258, SUBURBAN LOT 14, VICTORIA LAND DISTRICT
Zoning:
R-2 Two Family Dwelling
Parking Features:
On Site
Total Units:
7
Date Listed:
Jan 15, 2025
Original Price:
1600000.0
  • Photo 1: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
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  • Photo 2: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
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  • Photo 3: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
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  • Photo 4: 1010 Balmoral Rd in Victoria: Vi Central Park Multi Family for sale : MLS®# 984605
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Listed by Colliers
Data was last updated January 22, 2025 at 10:05 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.