Victoria's lowest entry point for a 5-unit revenue property rewards the right buyer with verified financials, stable tenancies, and income records going back over a decade. Professionally managed since March 2015, this investment includes 4×1-bed suites and 1×2-bed suite, 5 parking spots, bike storage, and coin laundry. Walkable access to groceries, transit, and services in Oak Bay/Jubilee is exactly what keeps the units filled, and gross annual revenue of $75,732 reflects stable, long-term tenancies. Hands-on investors have room to improve their cap rate: self-management eliminates management fees, and taking on the low-maintenance landscaping reduces operating costs further. This is the ideal entry point for the solo investor adding their first multi-unit to a growing portfolio, or a small group ready to put their capital to work together. (id:63400)
| MLS® Number | 1032123 |
| Property Type | Single Family |
| Neigbourhood | Jubilee |
| Parking Space Total | 5 |
| Plan | Vip270 |
| Structure | Patio(s) |
| Bathroom Total | 5 |
| Bedrooms Total | 6 |
| Constructed Date | 1910 |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 3,465 Sqft |
| Type | Fourplex |
| Stall |
| Acreage | No |
| Size Irregular | 6180 |
| Size Total | 6180 Sqft |
| Size Total Text | 6180 Sqft |
| Zoning Type | Multi-family |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Balcony | 10 ft | 6 ft | 10 ft x 6 ft |
| Second Level | Bathroom | 4-Piece | ||
| Second Level | Bedroom | 16 ft | 9 ft | 16 ft x 9 ft |
| Second Level | Kitchen | 6 ft | 10 ft | 6 ft x 10 ft |
| Second Level | Dining Room | 7 ft | 14 ft | 7 ft x 14 ft |
| Second Level | Living Room | 16 ft | 11 ft | 16 ft x 11 ft |
| Lower Level | Laundry Room | 12 ft | 5 ft | 12 ft x 5 ft |
| Lower Level | Storage | 8 ft | 5 ft | 8 ft x 5 ft |
| Lower Level | Storage | 8 ft | 3 ft | 8 ft x 3 ft |
| Lower Level | Bathroom | 4-Piece | ||
| Lower Level | Bedroom | 11 ft | 10 ft | 11 ft x 10 ft |
| Lower Level | Kitchen | 10 ft | 7 ft | 10 ft x 7 ft |
| Lower Level | Dining Room | 8 ft | 7 ft | 8 ft x 7 ft |
| Lower Level | Living Room | 14 ft | 14 ft | 14 ft x 14 ft |
| Lower Level | Entrance | 5 ft | 7 ft | 5 ft x 7 ft |
| Lower Level | Patio | 11 ft | 13 ft | 11 ft x 13 ft |
| Lower Level | Bathroom | 4-Piece | ||
| Lower Level | Bedroom | 11 ft | 10 ft | 11 ft x 10 ft |
| Lower Level | Kitchen | 8 ft | 7 ft | 8 ft x 7 ft |
| Lower Level | Dining Room | 8 ft | 9 ft | 8 ft x 9 ft |
| Lower Level | Living Room | 14 ft | 11 ft | 14 ft x 11 ft |
| Lower Level | Entrance | 4 ft | 9 ft | 4 ft x 9 ft |
| Main Level | Entrance | 4 ft | 8 ft | 4 ft x 8 ft |
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bedroom | 12 ft | 12 ft | 12 ft x 12 ft |
| Main Level | Kitchen | 7 ft | 7 ft | 7 ft x 7 ft |
| Main Level | Dining Room | 9 ft | 6 ft | 9 ft x 6 ft |
| Main Level | Living Room | 8 ft | 15 ft | 8 ft x 15 ft |
| Main Level | Entrance | 8 ft | 10 ft | 8 ft x 10 ft |
| Main Level | Storage | 3 ft | 5 ft | 3 ft x 5 ft |
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bedroom | 9 ft | 11 ft | 9 ft x 11 ft |
| Main Level | Bedroom | 8 ft | 15 ft | 8 ft x 15 ft |
| Main Level | Kitchen | 7 ft | 8 ft | 7 ft x 8 ft |
| Main Level | Dining Room | 14 ft | 6 ft | 14 ft x 6 ft |
| Main Level | Living Room | 12 ft | 14 ft | 12 ft x 14 ft |
| Main Level | Entrance | 4 ft | 10 ft | 4 ft x 10 ft |
https://www.realtor.ca/real-estate/29749510/1913-duchess-st-victoria-jubilee
Ole Schmidt
(250) 383-7100
cloverresidential.com/
Michelle Matheson
(250) 383-7100
cloverresidential.com/