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Listed by Dallas King RE/MAX Generation
$ 4,320,000
Est. payment /mo
New
1106 Balmoral Rd Victoria, BC V8T 1B1
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $432
MLS Listing ID 1042904
HOA Y/N No
Year Built 1912
Annual Tax Amount $18,465
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Multi Family
Property Description
Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, "The Normandie" offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water. Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1.7km to Royal Jubilee Hospital, on a strong transit corridor. A stable, well-maintained long-term hold priced to reflect a 5.0% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA. Contact listing agent for the complete offering package.
Location
Province BC
County Capital Regional District
Community Vi Fernwood
Area Victoria
Interior
Heating Baseboard, Electric
Cooling None
Flooring Mixed
Fireplace No
Exterior
View Y/N No
Garage No
Building
Lot Description Central Location, Corner Lot, Recreation Nearby, Rectangular Lot, Serviced, Sidewalk
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
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