Overview
- Updated On:
- January 5, 2023
- 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.
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