1334 Johnson Street, Downtown Victoria

Description

Registered Heritage Triplex offering strong income and future upside. Currently generating approx. 73k/yr (4.83 cap and over 6.2 with market rents) this character-rich property features spacious units with high ceilings, original wood floors, mouldings, and doors. All 3 suites have private entrances, and the home has 3 sep. hydro meters. Gas forced air serves the main and lower suites, with common laundry. The upper suite has electric heat and in-suite laundry. Grants are available for exterior maintenance. Off-street parking for 3 vehicles. Ideally located close to major bus routes, shops, and amenities, all within walking distance to downtown. Lovingly maintained with charming period details throughout. Excellent long-term tenants in place. There are 4 true bedrooms with closets and 2 additional rooms currently used as bedrooms without closets. Potential exists to expand the (now vacant) lower studio into a one-bed, creating additional value and income potential. An appealing opportunity in the heart of Victoria. (id:39198)

Listed By

The listing brokerage and/or agent is Pemberton Holmes Ltd.

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