For Sale: 1120 Caledonia Avenue, Victoria, BC - REW
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$1,975,000
0 bd • ba • sf • Multifamily
1120 Caledonia Avenue
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$1,975,000
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1120 Caledonia AvenueVictoria, BC, V8T 1G1

Central Park
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance. Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.
Listed by: Mike Giordano PREC*, eXp Realty

Home facts and features

Price details
List Price
$1,975,000
Get Pre-Approved
Gross Taxes for 2025
$6,073
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
4
Property Type
Multifamily
Lot Size
6440 ft²
Year Built
Built in 1903 (123 yrs old)
Title
Freehold
Exterior Finish
Frame Wood
Heating Type
Electric
Community
Agent details
Primary Agent
Primary Broker
eXp Realty
Listing details
Days on REW
57 Days
Property Views
112
MLS® Number
1038439
Source
Victoria and Vancouver Island MLS
Board
Victoria Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

George Jay School
  • Public
  • Pre-K - 5
  • In Catchment
Victoria High School
  • Public
  • 9 - 12
  • In Catchment
Central Middle School
  • Public
  • 6 - 8
Christ Church Cathedral School
  • Independent
  • K - 8
Elizabeth Buckley School
  • Independent
  • K - 8
Oak and Orca Bioregional School
  • Independent
  • K
Pacific School of Innovation and Inquiry
  • Independent
  • 9 - 12
Victoria School for Ideal Education
  • Independent
  • K - 9
South Park Family School
  • Public
  • K - 5
Glenlyon Norfolk School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Mike Giordano PREC*
Phone:
(250) 884-0885
Cell:
250-884-0885
Office:
833-817-6506
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.