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Wedgewood Terrace 1655 Chambers St 60 Unit Apartment Building $14,976,731 USD ($249,612 USD/Unit) 4.02% Cap Rate Victoria, BC V8T 3J7
Investment Highlights
- Opportunity to buy the Shares of the Bare Trust Corporations
- Prominent Victoria location on the periphery of the downtown core
- Significant capital upgrades completed at both buildings, with the majority of suites fully upgraded
Executive Summary
Opportunity to purchase this 60-suite, four-storey, wood frame apartment building was constructed in 1964. The gross building area is +/- 57,400 SF. The exterior finish is stucco and brick veneer with decorative wood trim and a mansard roof. The suites are heated by gas fired hot water baseboard with the building serviced by one (1) Montgomery elevator.
Property Facts
| Price | $14,976,731 USD | Building Class | C |
| Price Per Unit | $249,612 USD | Lot Size | 1.14 AC |
| Sale Type | Investment | Building Size | 91,535 SF |
| Cap Rate | 4.02% | Average Occupancy | 98% |
| No. Units | 60 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Mid-Rise | Cross Streets | Pandora Ave. |
| Zoning | R3-2 - Multiple Dwelling District | ||
| Price | $14,976,731 USD |
| Price Per Unit | $249,612 USD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 91,535 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1964 |
| Parking Ratio | 0.87/1,000 SF |
| Cross Streets | Pandora Ave. |
| Zoning | R3-2 - Multiple Dwelling District |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | - |
| 2+2 | 15 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (89)
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Wedgewood Terrace | 1655 Chambers St
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