1120 Caledonia Ave

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: $2,100,000
• Interior size: 5,001 sqft
• Lot size: 6440
• Year built: 1903
• Parking: 4
• Listing key: 29819059

Listing overview

Exceptional investment opportunity in the heart of Victoria. This well maintained 7 suite revenue property offers strong cash flow, an impressive 5.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Pride of ownership is evident throughout, with clean, updated, and exceptionally well maintained suites offering bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, common coin operated laundry for tenants, and owner/caretaker utility and storage areas. Meticulously maintained over the years, this is a true turnkey investment property with no known deferred maintenance, excellent overall condition, and strong in place tenancy. A rare and valuable feature, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation...