$6,750,000

For sale

Book a showing

885 Old Esquimalt Road, Esquimalt - Multi-family for Sale

885 Old Esquimalt Road, Esquimalt, British Columbia, V9A4W9

34 parking23,522 sq ft (0.54 ac) lot sizeListed 83 days ago

656 Admirals Road, Esquimalt, British Columbia, V9A4X9

Lot size 30,056 sq ft (0.69 ac)

Listed by Sutton Group West Coast Realty

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$6,750,000

Esquimalt

Book a showing

This multi-family property in Esquimalt is for sale. It has been on the market 83 days, fresher than the Esquimalt average of 99 days.

Description

Great investment opportunity! Well managed 25 units rental apartment building features a desirable mix of spacious 8 two bedrooms, 11 one bedroom and 6 bachelor suites. This 4-storey wood-frame building is situated on a large 23,600 square foot lot. Total 34 parkings and 19 are covered carport parkings. Separate hydro meters in all units and the tenants pay heat and hydro. Situated in a very convenient location close to downtown, schools, parks and bus route. Call for more details and information package. (id:66096)

Property Details

MLS®: 1046976
Property Type: Multi-family
Zoning: Unknown
Parking: 34
Lot Size: 23,522 sq ft (0.54 ac)
Building Area: 21,180 ft²
Units: 25
Year Built: 1972
Heating: Baseboard heaters, Electric
Ownership: Freehold
Property Tax: $28,707/yr
Listed: 83 days ago

Features

Lot Features: Central location, Level lot, Partially cleared, Other

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Esquimalt listings, avg age

99d

List price

$6.75M

Haho

This multi-family in Esquimalt has been listed for 83 days, which is 16 days fresher than the city average of 99. Act while there is still low competition.

Set a price alert Book a showing

Listed by Pemberton Holmes Ltd. · Gurcharan Chauhan

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$6,750,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment20% · $1,350,000

Min 20%50%

Mortgage payment$28,787/mo

Property tax (est.)$2,392/mo

Total monthly$31,179

Cash Needed to Close

Down payment (20%)$1,350,000

Land transfer tax$180,500

Est. closing costs$22,750

Total cash needed$1,553,250

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice