Real Estate Investment:  Multifamily Building - 504 Selkirk Ave, Victoria

About This Property                               

This 6 unit revenue property grosses $99,960/year with a 3.8% Cap Rate. Built in 1907 by Richard. F Stephens who operated a close by boatyard, this property overlooks Selkirk waterway. Steps to the water, bus stops, rec center, coffee shops, groceries, and minutes to downtown Victoria this location can't be beat. 5 legal suites with one unauthorized Suite, existing tenancy's in place with one vacant suite. Turnkey investment property ready for new ownership - this one is a moneymaker!


  • Built in 1907
  • 7,847 SQFT Lot
  • 3,810 SQFT Building
  • Fully Tenanted

Asking Price: $1,499,000

Initial Cash Required: $420,000

Monthly Cash Flow: $789

Annual ROI: 20%

Target Profit if sold after 10 Years: $840,000

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