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, extended family, guest use, or premium rental opportunities. This unique configuration provides versatility rarely found in multi unit investment properties.
Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, schools, and major commuter routes, this central location continues to support strong tenant demand and long term rental stability.
An exceptional opportunity to acquire a quality multi unit investment property in a prime Victoria location, offering strong existing income, excellent condition, and long term investment appeal.
Address
1120 Caledonia Ave
List Price
$2,100,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Central Park
Bedrooms
7
Bathrooms
8
Floor Area
5,001 Sq. Ft.
Lot Size
6440 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
1903
MLS® Number
1037286
Listing Brokerage
eXp Realty
Basement Area
Other
Postal Code
V8T 1G1
Tax Amount
$6,073.08
Tax Year
2025
Features
Baseboard, Mixed
