About This Property
Nestled in a quiet pocket of Oaklands just two blocks from Hillside Mall, this meticulously maintained LEGAL 4-plex is a rare opportunity to secure a strong, income-producing investment. Originally built in the 1920s, the home was moved to its current location and converted to a 4-plex with permits in 1989. Set on a private 13,000+ sq ft panhandle lot, the property offers three bright 2-bedroom suites and one spacious 1-bedroom + den, each with separate entrances, individual meters, hot water tanks, and outdoor space. Character details include 10-foot ceilings and loft-style bedrooms in the upper units, while the garden suites provide generous layouts filled with natural light. Practical features include 300-amp service, common laundry, updated windows, and a double garage (one side converted to storage). With direct transit to UVIC, Camosun, and downtown, this property offers both immediate rental income and excellent long-term holding value. This property is fully tenanted with a showing schedule, and a minimum of 24 hours is required for viewings. (id:64973)
At $427 per square foot, this 4-plex in Victoria's Oaklands neighborhood is priced competitively compared to the city's average of $546 per square foot for similar multi-family properties. The property's strong rental potential and large lot size make it an attractive investment opportunity for real estate investors seeking a stable, income-generating asset in a desirable Victoria location.
Property Details
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