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1258 Yates St
Vi Fernwood Victoria V8V 3N3

$8,999,999
Commercial Sale built: 1959

Main Photo: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 1: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 2: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 3: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 4: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 5: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 6: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Photo 7: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
954387
Year Built:
1959
The subject property is the Malika apartment complex. The property is a three-level, walk-up, apartment building, constructed in 1959 with a total of 20 units. There are 6 studio units, 4 one-bedroom units, and 10 two-bedroom units. The property is situated in the residential neighborhood of Fernwood in the City of Victoria located within the Capital Regional District (CRD) on Vancouver Island. Based on the supported building types within the OCP designation, the property would potentially be suitable for future redevelopment with mid-rise residential with a building height up to six storeys. The subject property is classified as R3-2 Zone, Multiple Dwelling District in the City of Victoria Zoning Bylaw.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1959 (Age: 65)
Lease Type:
Sale of Assets, Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fernwood, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
17,760.123 sq. ft.
Taxes:
Number of Storeys:
3
Ceiling Heights:
Total Building Area:
17,400 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
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:
Parking Features:
On Site
Total Units:
Date Listed:
Feb 26, 2024
Original Price:
8999999.0
  • Photo 1: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    Photo 1 of 7
  • Photo 2: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    1258 Yates St
  • Photo 3: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    Photo 3 of 7
  • Photo 4: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
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  • Photo 5: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    Suite Example Pic
  • Photo 6: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    Suite Example Pic
  • Photo 7: 1258 Yates St in Victoria: Vi Fernwood Multi Family for sale : MLS®# 954387
    Suite Example Pic
Listed by Fair Realty
Data was last updated April 24, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$999,000
Min list price:
$20,000
Max list price:
$10,350,000
Avg days on market:
71
Min days on market:
1
Max days on market:
636
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
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.