Bellwood Place 1125 Oscar St 24 Unit Apartment Building $4,980,259 USD ($207,511 USD/Unit) Victoria, BC V8V 2X3
EXECUTIVE SUMMARY
CBRE Limited is pleased to present for sale 1125 Oscar Street in Victoria, BC. This exceptionally-well maintained apartment building, known as Bellwood Place, has been with the same owner for over 35 years, and features 24 residential suites on 18,762 SF of land. Situated steps from Cook Street Village, this ideally located multi-family property offers tenants an unmatched blend of village style amenities and proximity to iconic waterfront parklands, all while only minutes from Downtown Victoria. Owners will benefit from a neighbourhood with extremely high rental demand and under market rents (31% spread to market), which will provide income upside on tenant turnover.
PROPERTY FACTS
| Price | $4,980,259 USD |
| Price Per Unit | $207,511 USD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 22,041 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1971 |
| Parking Ratio | 2.4/1,000 SF |
| Zoning | R3-AM-2 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 15 | - | - |
| 2+1 | 3 | - | - |
1 of 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (86)
