Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income, exceptional physical condition, and no known deferred maintenance.
Pride of ownership is evident throughout and the condition of this property must be seen to be appreciated. Exceptionally clean, updated, and meticulously maintained suites offer bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, common coin operated laundry for tenants, and owner/caretaker utility and storage areas. Meticulously cared for over the years, this is a rare “plug and play” investment where the heavy lifting has already been done, allowing owners to step into a stable, income producing asset from day one.
A rare and valuable feature, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique configuration provides versatility rarely found in multi unit investment properties.
Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, schools, and major commuter routes, this central location continues to support strong tenant demand and long term rental stability.
An exceptional opportunity to acquire a premium multi unit investment property in a prime Victoria location, offering strong existing income, exceptional condition, and compelling long term investment appeal.
Address
1120 Caledonia Ave
List Price
$1,975,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Central Park
Lot Size
6440 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
1903
MLS® Number
1038439
Listing Brokerage
eXp Realty
Postal Code
V8T 1G1
Tax Amount
$6,073.08
Tax Year
2025
Features
Electric, Mixed
Amenities
Balcony/Deck, Fencing: Partial, Low Maintenance Yard
