Area: British Columbia
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Exceptional investment opportunity in the heart of Victoria. This well maintained 7 suite revenue property offers strong cash flow, an impressive 5.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Pride of ownership is evident throughout, with clean, updated, and exceptionally well maintained suites offering bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, and owner/caretaker utility and storage areas. Meticulously maintained over the years, this is a true turnkey investment property with no known deferred maintenance, excellent overall condition, and strong in place tenancy. 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 quality multi unit investment property in a prime Victoria location, offering strong existing income, excellent condition, and long term investment appeal. (id:44056)

Property Details

Full Address:
1120 Caledonia Ave, Victoria, British Columbia
Price:
$ 2,100,000
MLS Number:
1037286
List Date:
May 28th, 2026
Neighbourhood:
Central Park
Lot Size:
6440 sq.ft.
Year Built:
1903
Taxes:
$ 6,073

Interior Features

Bedrooms:
7
Bathrooms:
8
Air Conditioning:
None
Heating:
Baseboard heaters

Building Features

Zoning:
Residential
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 6,073

Floors

Finished Area:
5001 sq.ft.

Land

Lot Size:
6440 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Mike Giordano eXp Realty
 250-884-0885
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Listing Agent(s)

Listing: Mike Giordano
eXp Realty

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