Don Burnham

I have sold a property at 1458 Begbie ST in VICTORIA

I have sold a property at 1458 Begbie ST in VICTORIA.
Priced below BC Assessment value of $706,000 – this is a great buy! Terrific character revenue property showing a 5.2% Cap Rate! Located in a high demand rental location and consisting of 3 bachelors ($600, $650 & $675); one 1-bed ($695) suites plus a separate 1-bed and den cottage ($1,200) for a total gross monthly income of $3,820. All suites have separate Hydro meter. According to the City of Victoria the suites are considered "Legal Non-conforming". Exterior has just been painted; roof replaced this year; and all knob & tube wiring has been replaced. Strong rental location close to Jubilee Hospital, Camosun College and within walking distance of downtown. Floor plans available.
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791 Goldstream Ave #101 Victoria British Columbia V9B 2X5 Canada

Don Burnham

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