1120 May Street, Fairfield West Victoria
Price
$1,750,000
BedroomsNot listed
BathroomsNot listed
Size5985 sqft
Year Built1912
Property TypeCommercial
Property Taxes$12,508
Description
Priced to sell! $945,000 below 2025 assessment. Fantastic 10-unit Multifamily at the best location of Cook St Village & Beacon Hill Park! Steps to Dallas Road waterfront and beaches. This income producing property consists of 3 two-bedroom, 2 one-bedroom, and 5 bachelor suites. R1-B Zoning, Multi-Family House Conversion. 4 detached garages, onsite parking at the back and plenty of off street parking. Separate Hydro meters for each unit. Coin operated shared laundry. Low maintenance landscaping. Great investment potential for rezoning and eligible for Missing Middle Initiative. In the heart of Fairfield, one of the finest neighbourhoods in Victoria, short strolls to all amenities, parks, bus routes and downtown Victoria. A rare offering! (id:39198)
Listed By
The listing brokerage and/or agent is Macdonald Realty Victoria
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$7,329 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,400,000
Total Interest Payments
$863,186
Total Payment (Principal + Interest)
$2,263,186
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.