James Bay House With 8 Rental Suites
Perfect for a buyer looking to get into a great neighbourhood with future development potential and existing income from rentals or vacation rentals! 8 Unit Residential Apartment Building in James Bay, Victoria - 2017 gross income $69,300. Only 1 block to Waterfront & 10 min walk to downtown. Seven 1Bd/1Bth units & one 2Bd/1Bth. Walk up. Separate meters/HW tanks for all suites. Secure Enterphone front entry. Rear parking lot. Secure bike storage and storage lockers. Well maintained character building, interior redesigned in 1976 into legal multiplex. Easy maintenance lock and leave like a condo. Caretaker interested in staying. Easy care landscaped grounds. Large undeveloped high attic can be developed into bedrooms/living room from existing suite #5 below for a large 2 story owner occupied unit, with rooftop view over the neighbourhood! The small rental unit sizes make vacancies rare! 1 block to bus route for UVIC/Camosun. Close to grocery, shops, waterfront & Fisherman's Wharf Park.
Michele F. Holmes
Holmes Realty Ltd
Phone: (250) 656-0911