Property Details
$11,800,000
Jubilee
1841 Fern Street, Multifamily , Victoria , BC, V8R 4K4, Canada
Description
Well maintained 33 unit wood-frame building with secured underground parking. The majority of units are two bedrooms with fireplaces and ensuite laundry. Property located in the North Jubilee neighbourhood, two blocks from the Royal Jubilee Hospital and the Oak Bay Junction, allows convenient access to all necessities. Minutes to Fort Street and Downtown Victoria. Local amenities include retail, medical office, Shoppers Drug Mart, Urban Grocer, cafes and restaurants. The south side of the property borders an internal quiet mid-block neighbourhood park. The surrounding area earns a WalkScore of 76, BikeScore of 87 and Transit Score 61.
• Cap rate: 3.75%
• GRM: 19.64
• Underground parking: 20,103 SF
• Lot size: 24,509 SF
• Building size: 31,746 SF
• Year Built: 1984
• Secure underground parking: 44
Features
Property highlights & upgrades:
• Electric baseboard heat
• 33 suites with fireplaces
• 25 suites with dishwashers
• 16 2-bedroom suites with laundry equipment
• All suites with new acrylic tub liners and full height subway acrylic wall surrounds
• All suites with new Moen single handle bathtub controls
• New interior suite doors (Masonite) and hardware
• Exterior low energy lighting
• Installed CO monitors for secure parking exhaust fans
• New underground security gate system
• Mansard fibreglass shingle roof
• Gutter downpipes and leaf guards
• Decks new plywood surface and heavy commercial grade vinyl
• Channel cedar siding on the south face of building approx. 250 feet
• Replaced fascia or belly boards on the south side plus as needed other sides
• Building flashing on the south side on building plus as needed other sides
• Kitchen countertops, sinks, abs plumbing, washerless taps
• domestic hot water boiler system
• New backflow valves for domestic water and parking fire suppression systems
Amenities
Bike storage
Laundry room
Secured underground parking
Fireplaces
Balconies
Ensuite laundry (two-bedroom units)
Elevator
Listing Provided By
Off Market
- Andrew Reid
- 604-618-1636
- 604 618 1636
- andrewreidhp@gmail.com
- Andrew Reid
- 241 West Rockland Road
- North Vancouver, BC
- V7N 2W2
- John Powers
- , BC