51 Marlborough St, Victoria | $2,984,000

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 or call to receive the financials.

Description

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 or call to receive the financials.

General Info


MLS Listing ID: 970506 Bedrooms: 0 Bathrooms: 0 Year Built: 1912
Parking: N/A Heating: Forced air, Hot Water Lotsize: 13427 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: Fire alarm system Basement: N/A

Amenities/Features


  • Central location
  • Level lot
  • Corner Site
  • Other

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .