Legal 4-Plex with excellent revenue potential located in the fastest-changing area in Esquimalt. Four 2 bedroom/1 Bath homes, each with their own private entry and parking. Conveniently located just a few minutes' walk to Saxe Pointe, Red Barn Market and the Naval Base, this is a rare opportunity to acquire a vacant property with excellent rental income and development potential as well. This property allows for a tower up to 12 stories in the latest Official Community Plan! Currently vacant, newly painted and ready for YOUR tenants at today's rental rates. Low operating expenses. Onsite shared coin-operated laundry. Covered parking for up to 5 vehicles, paved parking and driveways and just steps away from public transportation routes, local restaurants, cafes, shops, fitness centers, public parks and many more community amenities. Don't miss this rare opportunity to own a revenue property situated in a rapidly gentrifying area.
Listed by Engel & Volkers Vancouver Island - Oak Bay, sold on September, 2020
Data was last updated March 1, 2021 at 10:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$749,900
Min list price:
$319,900
Max list price:
$2,250,000
Avg days on market:
137
Min days on market:
6
Max days on market:
894
Avg price per sq.ft.:
$756.28
These statistics are generated based on the current listing's property type
and located in
Es Esquimalt. Average values are
derived using median calculations.