117 Superior Street, Victoria BC

PRESENTING

117 SUPERIOR STREET JAMES BAY, VICTORIA, BC

FOR SALE

8 SUITES PRIME LOCATION

Eight Unit Residential Rental Apartment Business in James Bay, Victoria. Only 1 block to Waterfront and 10 min walk to Downtown! Seven 1Bd/1Bth units and one 2Bd/1Bth. Walk up. Tenants pay heat/hydro/laundry. Secure Enterphone front entry. Rear parking lot. Secure bike storage and storage lockers. Well maintained character building, interior redesigned in 1976 into legal multiplex.

The small rental unit sizes make vacancies rare! Easy care landscaped grounds.

Large undeveloped high attic can be developed into bedrooms/living room from existing suite #5 below for a large 2 story owner occupied unit, with rooftop view over the neighbourhood! 1 block to bus route for UVIC/Camosun. Close to grocery, shops, waterfront & Fisherman’s Wharf Park.

MICHELE HOLMES

250-656-0911 MichelesTeam@HolmesRealty.com

www.HolmesRealty.com Holmes Realty Ltd. 2481 Beacon Ave. Sidney, BC, V8L 1X9

Unit 1 2 3 4 5 6 7 8

1 1 1 2 1 1 1 1

Type Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath Bed / 1 Bath

Approx Sq.Ft 500 Sq.Ft. 225 Sq.Ft. 225 Sq.Ft. 500 Sq.Ft. 500 Sq.Ft. 225 Sq.Ft. 225 Sq.Ft. 275 Sq.Ft.

5 parking spots on-site. Units have 4 piece bathroom. On-site coin-op laundry.

BUILDING FEATURES • • • • • • • • • • • • • • •

Original Building 1905 Multiplex Renovation in 1975 4 rentals per floor Well maintained & managed New Roof in 2016 New Fire Alarm Panel in 2015 New east fence in 2016 New Retaining wall in 2016 New coin-op dryer in 2011 New sump pump in 2010 Unfinished attic with development potential Secure basement bike storage Separate hydro and hot water Baseboard electric heat Well cared for units with as needed maintenance and upgrades over time included paint, carpeting, lino and bathrooms.

2016 Gross Taxes: 2017 Assessed Value:

$8,671

Land: $739,000 Improvements: $610,000 Total: $1,349,000

2016 Gross Income:

$66,817

For price, detailed financials including annual expenses, rental rates and annual net income please contact:

Michele Holmes Team 250-656-0911

MichelesTeam@HolmesRealty.com www.HolmesRealty.com © 2017 Holmes Realty Ltd. The information contained herein has been obtained through sources deemed reliable by Holmes Realty, but cannot be guaranteed for its accuracy.

We recommend to the buyer that any information which is important should be obtained through independent verification. All measurements are approximate.