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North Hill Apartments 971 Market St Immeuble residentiel 33 lots 6 223 826 € (188 601 €/Lot) Taux de capitalisation 4,87 % Victoria, BC V8T 4Z3
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Prominent corner location within Victoria’s Quadra Village neighbourhood.
- Nineteen residential units have undergone full suite renovations.
- Tenants pay their own heat and hydro, reducing operating expenses.
- Approximately $530,000 invested in capital improvements since 2022.
- Convenient access to Downtown Victoria, Uptown, and Mayfair Shopping Centre.
- Stabilized multifamily asset with additional value-add potential.
Résumé analytique
North Hill Apartments presents an opportunity to acquire a 34-unit apartment property, including one office unit, in Victoria’s Quadra Village neighbourhood. Situated on a prominent corner parcel at Market Street and Wark Street, the property benefits from convenient access to Downtown Victoria, Uptown, Hillside Centre, Mayfair Shopping Centre, Royal Jubilee Hospital, and major transportation corridors serving the Capital Regional District. The location provides residents with connectivity to employment, retail, education, healthcare, and recreation amenities throughout the region.
Current ownership has completed significant capital improvements, investing approximately $530,000 since 2022. Upgrades include full renovations to 19 residential units, common area enhancements, landscaping improvements, deck and balcony repairs, lobby modernization, and various building system updates. Renovated suites feature stainless steel appliances and dishwashers, supporting the property's ongoing operational performance and tenant appeal.
The asset consists primarily of one-bedroom and two-bedroom apartments and is offered as a stabilized income-producing investment. Additional value enhancement potential exists through the remaining non-renovated units, allowing future ownership to continue modernization efforts. Tenants are responsible for their own heat and hydro expenses, while the property's existing operational structure provides opportunities for further efficiency improvements. The site also offers long-term land value considerations, with marketing materials indicating potential future redevelopment density subject to municipal approvals and planning requirements.
Current ownership has completed significant capital improvements, investing approximately $530,000 since 2022. Upgrades include full renovations to 19 residential units, common area enhancements, landscaping improvements, deck and balcony repairs, lobby modernization, and various building system updates. Renovated suites feature stainless steel appliances and dishwashers, supporting the property's ongoing operational performance and tenant appeal.
The asset consists primarily of one-bedroom and two-bedroom apartments and is offered as a stabilized income-producing investment. Additional value enhancement potential exists through the remaining non-renovated units, allowing future ownership to continue modernization efforts. Tenants are responsible for their own heat and hydro expenses, while the property's existing operational structure provides opportunities for further efficiency improvements. The site also offers long-term land value considerations, with marketing materials indicating potential future redevelopment density subject to municipal approvals and planning requirements.
Informations sur l’immeuble
| Prix | 6 223 826 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 188 601 € | 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 | 1976 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,15/1 000 m² |
| Zonage | GRD-1 (PGA) - General Res | ||
| Prix | 6 223 826 € |
| Prix par lot | 188 601 € |
| 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 | 1976 |
| 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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