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Royal Arms Apartments 1300 Yates St 76 Unit Apartment Building $18,435,219 USD ($242,569 USD/Unit) 4.17% Cap Rate Victoria, BC V8S 1Z9
Investment Highlights
- Upside in rents of 25%-28% to market
- Significant capital upgrades completed with the majority of suites fully upgraded
- Prominent Victoria location
Executive Summary
Opportunity to purchase this 77-suite, four-storey, wood framed apartment building was constructed in 1966. The suites are heated by electric baseboard with the building serviced by one (1) Montgomery elevator.
Property Facts
| Price | $18,435,219 USD | Building Class | C |
| Price Per Unit | $242,569 USD | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 55,375 SF |
| Cap Rate | 4.17% | Average Occupancy | 99% |
| No. Units | 76 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Harrison St. |
| Zoning | R302 - Multiple dwelling district | ||
| Price | $18,435,219 USD |
| Price Per Unit | $242,569 USD |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 55,375 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 0.87/1,000 SF |
| Cross Streets | Harrison St. |
| Zoning | R302 - Multiple dwelling district |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Kitchen
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | - |
| 1+1 | 15 | - | - |
| 2+1 | 42 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (94)
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Royal Arms Apartments | 1300 Yates St
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