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1442 Elford St
Vi Fernwood V8S 3C4

$2,950,000
Commercial Sale built: 2021

Main Photo: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 1: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 2: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 3: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 4: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 5: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Photo 6: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
872432
Year Built:
2021
A great investment opportunity to own a 2021 converted character building, a block from Stadacona Centre, close to Downtown, Fernwood and Jubilee Hospital. This was a 1901 home, strata converted into five units with 2-5-10 New Home Warranty. It consists of two 1-bedroom, 1-bathroom units on the ground floor and two 1-bedroom and 1-bathroom units on the main floor with an impressive 2-bedroom, 2-bathroom unit on the top floor with skylights and vaulted ceilings. Each unit has stainless appliances, washer/dryer, heated bathroom floors, vinyl plank flooring, and an electric fireplace. Each unit also includes one parking stall which is wired for electric car charging, individual hydro meters and a hot water tank. Ground floor units have patios and upper units have decks. There is also a secure common bike storage room. A golden opportunity to set your own rents, since it's a new building. Very close to shops, restaurants and transit. Under construction and estimated completion in August.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
2021 (Age: 0)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fernwood, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5,227.2 sq. ft.
Taxes:
Building Features:
Bike Storage
Construction:
Cement Fibre, Insulation All, Insulation: Ceiling, Insulation: Walls, Shingle-Wood
New Construction:
Yes
Foundation:
Concrete Perimeter
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Tile, Vinyl
Total Building Area:
3,429 sq. ft.
Commercial Area:
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Balcony/Deck, Balcony/Patio, Fencing: Partial, Lighting, Low Maintenance Yard
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Vacant
Property Condition:
Under Construction
Parking Features:
On Site
Total Parking Spaces:
5
Total Units:
Date Listed:
Apr 12, 2021
Original Price:
2950000.0
  • Photo 1: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 1 of 6
  • Photo 2: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 2 of 6
  • Photo 3: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 3 of 6
  • Photo 4: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 4 of 6
  • Photo 5: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 5 of 6
  • Photo 6: 1442 Elford St in : Vi Fernwood Multi Family for sale (Victoria)  : MLS®# 872432
    Photo 6 of 6
Listed by RE/MAX Camosun
Data was last updated June 22, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$736,750
Min list price:
$29,999
Max list price:
$10,100,000
Avg days on market:
66
Min days on market:
1
Max days on market:
1,434
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.