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450 Maquinna Cres

Gold River, BC V0P 1G0
  • $2,700,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 957213
UPDATED: 166 min ago
$2,700,000
  • 0
    BEDS
  • 3.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Multi-Family
Built:
1967
Area:

Description

Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call agents for an NDA to receive financials.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-24T21:22:22.56.
www.dayteam.com/homes/148889134
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450 Maquinna Cres Gold River, BC V0P 1G0

  • Price: $2,700,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 166 min ago
  • MLS #: 957213
0
Beds
0
Baths
0
½ Baths
3.87
Acres
1967
Built
Neighbourhood:
Ni Gold River
Area:
North Island
School District:
Gold River, Village Of
Property Description
Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call agents for an NDA to receive financials.
Exterior Features

Construction Materials Frame Wood Entry Location Main Level Exterior Features Balcony/DeckBalcony/Patio Lot Features Corner Lot Parking Features On Site Road Frontage Type HighwayStreet Road Surface Type Paved View Mountain(s) View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring CarpetLaminate Foundation Details BlockSlab Heating BaseboardElectric Heating YN Yes

Property Features

Building Features Fire AlarmLaundry RoomParkingStorage Room Existing Lease Type Sale of AssetsSee Remarks New Construction YN No Number Of Units In Community 64 Ownership Freehold Property Condition Updated/Remodeled Property Sub Type Multi Family Rental Allowed Unrestricted Sewer Sewer Connected Tax Annual Amount 5333 Tax Jurisdiction Village of Gold River Tax Year 2023 Utilities Cable ConnectedElectricity ConnectedGarbagePhone Connected Water Source Municipal Youngest Age Allowed 0

VIVA (Vancouver Island & Victoria REBs) logo Listing provided courtesy of NAI Commercial (Victoria) Inc. and [CO-OFFICENAME].

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

VIVA (Vancouver Island & Victoria REBs) logo MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Day Team Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2024-04-24T21:22:22.56.
 
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Day Team Realty
301-3450 Uptown Blvd
Victoria BC, V8Z 0B9