Quintessential Holding Property. This four-plex has always been easy to rent out; which is no surprise given the location, ample off-street parking, and extra storage, and laundry in each unit! The OCP is Neighbourhood Commercial Mixed-Use up to 6-storey. Current rents are under market at $56,808/year with lots of room for ogranic growth on turnover while you await land assembly or work through rezoning. Lots of options! 3 x 2 bed 1 bath suites, and 1 x 3 bed 2 bath suite. 3D tour available. Call about potential land assembly.
Address
516 Admirals Rd
List Price
$1,390,000
Sold Date
05/07/2021
Property Type
Residential
Type of Dwelling
Quadruplex
Area
Esquimalt
Sub-Area
Es Saxe Point
Bedrooms
9
Bathrooms
5
Floor Area
3,292 Sq. Ft.
Lot Size
7425 Sq. Ft.
Year Built
1905
MLS® Number
871683
Listing Brokerage
Royal LePage Coast Capital - Oak Bay
Basement Area
Crawl Space
Postal Code
V9A 2N4
Tax Amount
$6,219.00
Tax Year
2020
Features
Baseboard, Electric
Amenities
Level, Rectangular Lot
