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North Hill Apartments 971 Market St Immeuble residentiel 33 lots 6 221 032 € (188 516 €/Lot) Taux de capitalisation 4,87 % Victoria, BC V8T 4Z3
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Informations principales sur l'investissement
- Ideally situated in Quadra Village with a short commute to Downtown Victoria, Uptown, Hillside & Mayfair Shopping Centres
- Held in a bare trust - PTT savings will apply
- Strong rental upside with opportunity to optimize rents to market
- Perfectly connected to major transport corridors serving the Capital Regional District
- Extensive capital improvements and upgrades completed
- Tenants pay their own heat & hydro, minimizing operating costs
Résumé analytique
The Avison Young Multi-Family Team is pleased to present the opportunity to acquire North Hill Apartments, a well-maintained 33-unit rental building with one office unit, situated in Victoria’s desirable Quadra Village neighbourhood.
The Property occupies a prominent corner lot at Market Street and Wark Street, totalling 26,100 sf. Current ownership has invested approximately $530,000 in capital improvements since 2022, including full suite renovations on 19 units, common area upgrades featuring new flooring and fresh paint, landscaping enhancements, and deck/balcony repairs.
North Hill Apartments represents a compelling opportunity to acquire a cash-flowing multi-family asset in one of Canada’s strongest rental markets with a value-add opportunity on 14 non-renovated units.
The Property occupies a prominent corner lot at Market Street and Wark Street, totalling 26,100 sf. Current ownership has invested approximately $530,000 in capital improvements since 2022, including full suite renovations on 19 units, common area upgrades featuring new flooring and fresh paint, landscaping enhancements, and deck/balcony repairs.
North Hill Apartments represents a compelling opportunity to acquire a cash-flowing multi-family asset in one of Canada’s strongest rental markets with a value-add opportunity on 14 non-renovated units.
Informations sur l’immeuble
| Prix | 6 221 032 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 188 516 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 0,2 ha |
| Taux de capitalisation | 4,87 % | Surface de l’immeuble | 2 425 m² |
| Nb de lots | 33 | Nb d’étages | 4 |
| Type de bien | Immeuble residentiel | Année de construction | 1977 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,15/1 000 m² |
| Zonage | GRD-1 (PGA) - General Res | ||
| Prix | 6 221 032 € |
| Prix par lot | 188 516 € |
| Type de vente | Investissement |
| Taux de capitalisation | 4,87 % |
| Nb de lots | 33 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Surface du lot | 0,2 ha |
| Surface de l’immeuble | 2 425 m² |
| Nb d’étages | 4 |
| Année de construction | 1977 |
| Ratio de stationnement | 0,15/1 000 m² |
| Zonage | GRD-1 (PGA) - General Res |
1 1
Très praticable à pied
80/100
Relativement adapté aux voitures
50/100
Bons transports en commun
70/100
Moyennement praticable en vélo
70/100
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North Hill Apartments | 971 Market St
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