$1,790,000
 $9,609 est/mo Sourced by Back At You

1120 Caledonia Ave,Victoria, BC V8T1G1

Victoria, BC V8T1G1

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Description

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.7% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria's most consistently high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property's central location continues to attract quality tenants and support long term rental stability. Whether you're expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:13843)

Details

MLS #1043765
Listing TypeFor Sale
StyleFourplex
StatusActive
Year1903
Days On Site91
Listing Provided ByeXp Realty | Mike Giordano

Features

Bed(s)7
Bath(s) 8 Total
SQ Feet5,001
Units7
ZoningResidential
Acreage0.15

Interior

CoolingNone
HeatingBaseboard heaters
Fireplace Yes / NoNo

Parking

Parking FeaturesStreet
Parking Total4

Taxes

Tax Annual Amount6592.33
Tax Lot6

Area Information

ProvinceBC
CityVictoria
Postal CodeV8T1G1
Listing VS Median (in V8T1G1)
Price:
$1,790,000
low | high
Med:
$1,790,000
50% of Average
sqft:
5,001
low | high
Med:
5,001
50% of Average
$ / sqft:
$358
low | high
Med:
$358
50% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You

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Learn More About This Property

Trevor Docherty

Trevor Docherty

Sutton Group - Muskoka Realty Brokerage

Broker/Owner (705) 787-5060tdocherty@sutton.com
ProvinceBC
CityVictoria
Postal CodeV8T1G1
Listing VS Median (in V8T1G1)
Price:
$1,790,000
low | high
Med:
$1,790,000
50% of Average
sqft:
5,001
low | high
Med:
5,001
50% of Average
$ / sqft:
$358
low | high
Med:
$358
50% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.342M - $2.237M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
1120 Caledonia Ave Property Photo 1
$1,790,000
1120 Caledonia Ave
Victoria, BC V8T1G1
Listing Updated: September 29, 2026 at 3:45:59 PM PDT

Trevor Docherty - Sutton