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1333 Pandora Av

14 Unit Block of Flats £1,839,350 (£131,382/Unit) 3.82% Net Initial Yield Victoria, BC V8V 3R6

Investment Highlights

  • 14-unit apartment complex
  • 5 units recently renovated
  • blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood

Executive Summary

1333 Pandora Avenue is a transit-oriented 14-unit apartment complex located blocks from Downtown Victoria in the desirable rental neighborhood of Fernwood. This 3-storey building has been well maintained and 5 units have been recently renovated. Tenants benefit from an extremely central location, steps from schools, parks, and a full range of amenities. Low vacancy rates (0.9% in 2023 - CMHC) and in place rents that are well below market value provide investors significant income upside on tenant turnover.

Property Facts

Price £1,839,350
Price Per Unit £131,382
Sale Type Investment
Net Initial Yield 3.82%
No. Units 14
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.30 AC
Building Size 10,104 SF
Number of Floors 3
Year Built 1976
Parking Ratio 1.98/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 6 £801.23 -
1+1 8 £856.97 -
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3-2
R3-2
  • Listing ID: 31458237

  • Date on Market: 09/04/2024

  • Last Updated:

  • Address: 1333 Pandora Av, Victoria, BC V8V 3R6

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