Real Estate Investment:  4-Plex - 580 Niagara Street, Victoria

About This Property                               

Extremely Rare Real Estate Offering. This is an investment opportunity of a lifetime! Built in 2007 with the intent to create bright and inviting living spaces. This 8 Bedroom, 4 Bathroom has 4 2 bed 1 bath suites! Each unit has an open and inviting design, has bright and sunny South West facing entrance, living rooms in line with open kitchens with eating bars and bedrooms in the back on the quiet side of the property. Located in an extremely sought after location in James Bay. 2 Blocks from Beacon Hill Park, Dallas Road and on a bus route with a Bike Score of 76 makes this a property that renters line up to see. This property is R-2 zoned & has been approved by the City of Victoria to re-zone become strata duplex with legal rental suites each side (buyer to verify process.) Options for future; -strata duplex (removing the lower kitchens), -strata duplex with legal rental suites on each side or continue to rent as is. Act fast, a truly rare investment or living situation.


  • Built in 2007
  • 7,405 SQFT Lot
  • 3,258 SQFT Building
  • Fully Occupied since 2007

Asking Price: $1,749,900

Initial Cash Required: $396,000

Monthly Cash Flow: $90

Target Annual ROI: 23%

Target Profit if sold after 10 Years: $934,000



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