Active
51 Marlborough St
Victoria BC, V8V 4A6
$2,984,000
$523.51 per sqft
Active
5,700 sqft
Commercial
Built in 1912
Welcome to this exceptional West Fairfield investment opportunity (Marlborough House contains 9 authorized residential suites). It is situated at the corner of Marlborough St. and Woodstock Ave. on two lots totaling 13,477 square feet. The location offers an unparalleled blend of urban convenience and natural beauty, minutes from downtown Victoria and steps from Victoria's famous Beacon Hill Park and the spectacular Dallas Road waterfront. The property has been owned since the 70's by an out-of-province family who now have other interests.
Situated on two lots, the property offers an investor the potential of a profitable multi-residential development site (13,477 SF) while yielding an ongoing acceptable return from the nine residential suites. Note that present rents are under market; this offers the potential for a huge return upside if the property is kept as is! Don't let this investment opportunity pass you by. See the financials in supplements.
970506
MLSⓇ ID
July 15, 2024
Listed
November 22, 2024
Updated
Map
51 Marlborough St
Victoria BC, V8V 4A6
Interior Features
Total Stories
3
Floor Description
Carpet, Hardwood, Linoleum
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air, Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.31 Acres
Exterior Features
Balcony, Balcony/Deck, Balcony/Patio
Lot Features
Adult-Oriented Neighbourhood, Central Location, Corner Lot, Easy Access, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Sewer
Sewer Connected
Other Property Details
Area Name
Victoria
Taxes
$13,867
Tax Frequency
Annually
Days on Market
36
Garage
No
Parking
On Site
Parking Total
8
View
No
County
Capital Regional District
Water Source
Municipal
Pool
No
Courtesy of NAI Commercial (Victoria) Inc., Andre Beauregard
Listing Contact: 250-381-2265
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ainsley Gower shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
©2024 Vancouver Island Real Estate Board and Victoria Real Estate Board. All rights reserved.
