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Pending – Esquimalt Investment Opportunity

$ 1,450,000
611 Fernhill Road, , ,
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Overview

  • Updated On:
  • November 23, 2022
  • 7 Bedrooms
  • 5 Bathrooms
  • 4,703.00 ft2
  • Year Built: 1958

Property Description

Excellent opportunity for Developers/Investors in the heart of the vastly expanding and growing Esquimalt municipality. This 5 Unit walk-up apartment building is situated on 9240 sq/ft and is comprised of 2-2 Bedroom Units and 3-1 Bedroom Units. Currently heavily under rented but the potential is next to none with Esquimalt’s pro-density stance and being situated in the OCP’s Medium Density Development area! Look into a site-specific development or larger land assembly rezone for a 6-story site or hold in your portfolio for long term investment value with future development. Current Gross rent is almost $60K and each unit offers original hardwood floors with some great Southern Views from the top units. Coin operated laundry, extra storage and on-site parking spot for each unit as well.

Floorplan

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Documents
Address: 611 Fernhill Road
City:
Country: Canada
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Property Id : 17953
Price: $ 1,450,000
Property Size: 4,703.00 ft2
Property Lot Size: 9,240.00 ft2
Bedrooms: 7
Bathrooms: 5
Year Built: 1958
MLS: 916055

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