$1,400,000
$1,450,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
611 Fernhill Rd Esquimalt, BC V9A 4Y8
9,147 Sqft Lot
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 916055
Sold Date 12/22/22
Rental Info Unrestricted
Year Built 1958
Annual Tax Amount $6,171
Tax Year 2022
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Excellent opportunity for Developers/Investors in the heart of the vastly expanding and growing Esquimalt municipality. This 5 Unit walk-up apartment building is situated on 9240 sq/ft and is comprised of 2-2 Bedroom Units and 3-1 Bedroom Units. Currently heavily under rented but the potential is next to none with Esquimalt's pro-density stance and being situated in the OCP's Medium Density Development area! Look into a site-specific development or larger land assembly rezone for a 6-story site or hold in your portfolio for long term investment value w/future development. Current Gross rent is almost $60K and each unit offers original hardwood floors with some great Southern Views from the top units. Coin operated laundry, extra storage and on-site parking spot for each unit as well.
Location
State BC
County Capital Regional District
Area Es Rockheights
Zoning RD1 - Two Family Resident
Interior
Heating Hot Water, Oil
Cooling None
Exterior
Exterior Feature Balcony/Deck
Parking On Site 1
View Y/N 1
View Ocean
Total Parking Spaces 5
Building
Story 3
Foundation Poured Concrete
Sewer Sewer Connected, Sewer To Lot
Water Municipal
Structure Type Stucco
Others
Tax ID 004-757-726
Ownership Freehold
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Bought with Century 21 Supreme Realty Inc.