Listed by:

Vincent Baart PREC*

RE/MAX Camosun

43 Recommendations
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Outstanding 12 unit heritage conversion for sale in the heart of James Bay. The ‘Sims Residence” was built in 1907. It was lifted in 1991, and extensively renovated in the mid 1990’s, this is a solid revenue generating asset. From the overbuilt foundation, fire-guard drywall throughout, offset baffled walls between units (noise reduction), sprinkler system, and high quality storm-rated shingles, this is a building with solid bones and fantastic potential. Located across the street from James Bay Thrifty’s, this is the hub of the community and the heart of the old city. Coin-op Laundry, bike storage, and opportunity for additional storage revenue, there is a lot of opportunity here. Detached garden suite w/ loft could make a fantastic owner-occupied space. R-2, two family zoning, this is probably the highest-and-best use you will find for a registered heritage home in Victoria. Own a piece of history, and create some of your own for future generations.

Home facts and features

Price details

List Price

$2,600,000

Get Pre-Approved

Gross Taxes for 2022

$11,039

Home facts

Bedrooms

Bathrooms

Property Type

Multifamily

Frontage

60 feet

Year Built

Built in 1907 (116 yrs old)

Title

Freehold

Heating Type

Hot Water, Radiant Floor, Mixed

Features

Central Location, Curb & Gutter, Family-oriented Neighbourhood, Level, Serviced, Sidewalk

Amenities

Recreation Nearby, Shopping Nearby

Community

James Bay

Agent details

Primary Agent

Vincent Baart PREC*

Primary Broker

RE/MAX Camosun

Secondary Agent

Jocelyn Cseff

Secondary Broker

RE/MAX Camosun

Listing details

Days on REW

150 Days

Property Views

769

MLS® Number

917652

Source

Victoria and Vancouver Island MLS

Mortgage Calculator

4.69%
/mo
5 Year

REW Money

4.69%
/mo
5 Year

5.09%
/mo
3 Year

REW Money

5.09%
/mo
3 Year

5.69%
/mo
2 Year

REW Money

5.69%
/mo
2 Year

5.89%
/mo
1 Year

REW Money

5.89%
/mo
1 Year

5.89%
/mo
10 Year

REW Money

5.89%
/mo
10 Year

5.90%
/mo
5 Year

REW Money

5.90%
/mo
5 Year

Advertised rates are not guaranteed and the rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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