Montrose Apartments
Victoria, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1914
- Building size (SF) 17,391
- Size (Ac) 0.17
- Price $8,200,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market
for sale Montrose Apartments, located at 1114 Blanshard Street in Victoria, BC (the “Property”). The Property is a character-rich building extremely well-located in the heart of Downtown Victoria. Montrose Apartments features retail uses at grade with residential rental units above. An abundance of shopping, restaurants, services, and public transit options are within walking distance to the Property. This is an excellent opportunity for an investor to acquire an income producing asset with significant potential for rental upside and value add opportunity.
Highlights
Twenty-one (21) residential rental
apartment units
Six (6) fully leased commercial retail units
Commercial leases are triple net
10 residential rental suites have been fully
renovated
Potential for rental upside (residential and
commercial)
Opportunity to generate storage revenue
Held in a bare trust (opportunity for
significant property transfer tax savings)
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