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1157 Princess Ave
Vi Fernwood Victoria V8T 1L2

$1,599,999
Residential beds: 4 baths: 5.0 3,198 sq. ft. built: 1911

Main Photo: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 1: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 2: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 3: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 4: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 5: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
Photo 6: 1157 Princess Ave in Victoria: Vi Fernwood Quadruplex for sale : MLS®# 985204
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Status:
Active
Prop. Type:
Residential
MLS® Num:
985204
Bedrooms:
4
Bathrooms:
5
Year Built:
1911
Exceptional Investment Opportunity in Fernwood. Unveil a unique investment gem in the heart of Fernwood with this 4-unit character conversion property. Well-preserved to highlight its original architectural details, this residence unites historic elegance with contemporary comfort. Each of the 4 charming 1-bedroom units is ideal for singles or couples, boasting hardwood floors, generous kitchens, and impressive ceilings—10 feet on the main floor and 9 feet on the upper level. The property also includes a non-legal bachelor suite in the basement, adding potential for additional income. This character conversion property is a prime investment for keen investors. With the high demand for distinctive rental spaces, this 4-unit beauty is poised to attract tenants swiftly. Located near bus routes, schools, shopping, and all the amenities Victoria has to offer, convenience is at your doorstep. Seize this rare opportunity to invest in a truly exceptional property in Fernwood.
Property Type:
Residential
Type:
Quadruplex
Year built:
1911 (Age: 114)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
3,198 sq. ft.
Listing General Location:
Vi Fernwood, Victoria
Bedrooms:
4
Bathrooms:
5.0 (Full:-/Half:-)
Lot Size:
7,200 sq. ft.
Lot Details:
60x120
Kitchens:
5
Home Style:
Arts & Crafts
Taxes:
Building Features:
Transit Nearby
Construction:
Frame Wood, Wood
New Construction:
No
Basement:
Partially Finished
Foundation:
Concrete Perimeter, Slab
Roof:
Asphalt Shingle
Ceiling Heights:
Floor finish:
Hardwood, Vinyl, Wood
Total Building Area:
4,433 sq. ft.
Total Unfinished Area:
1,235 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
2
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
2
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
318 sq. ft.
Living Area Main Floor:
1,455 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,435 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
Common Area
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard
Fireplace:
No
Warranty:
No
Pending Date:
Fencing: Partial, Low Maintenance Yard
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
2nd Floor
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
R-2 Two Family Dwelling
Bed and Breakfast:
Potential
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
4
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Main Level Entry with Lower/Upper Lvl(s)
Lot Site Features:
Central Location, Easy Access, Level, Shopping Nearby, Sidewalk
Attached Garage:
No
Carport Spaces:
4
Garage Spaces:
0
Garage:
No
Parking Features:
Carport, Carport Triple, Detached, On Street
Total Parking Spaces:
4
Total Units:
Date Listed:
Jan 22, 2025
Original Price:
1599999.0
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Listed by eXp Realty
Data was last updated February 22, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$899,450
Min list price:
$474,000
Max list price:
$1,599,999
Avg days on market:
32
Min days on market:
6
Max days on market:
277
Avg price per sq.ft.:
$574.91
These statistics are generated based on the current listing's property type and located in Vi Fernwood. Average values are derived using median calculations.

Why Buy a Duplex for Sale in Victoria BC

Are you thinking about buying a new home in the beautiful city of Victoria, British Columbia? Have you ever considered buying a two-family home? There are many reasons why acquiring a duplex for sale in Victoria, British Columbia is a smart investment.

First and foremost, let's talk about the economic benefits. When you buy a duplex, it's essentially two apartments in one. This means you have the option to rent the unit to cover your mortgage payments. This is a great way to build equity while generating income.

In terms of income, Victoria's rental market is thriving, with high demand for quality rental properties. There is certainly a market for duplexes, whether renting to students, young professionals or families.

But the benefits of buying a duplex aren't just financial. Maisonettes typically offer more space and privacy than traditional condos and apartments. A private entrance, garden or outdoor area gives you the feeling of being separated from your neighbors.

A duplex also offers flexibility when it comes to living arrangements. Whether you're a family looking for a spacious home or a retiree looking to go compact while still maintaining some independence, a duplex is a great solution.

And don't forget the location. Victoria is a charming city with easy access to natural beauty, cultural attractions and a vibrant downtown. When you buy a duplex in this city, you are investing in a community rich in history, culture and natural beauty.

Of course, buying a duplex comes with challenges. You must ensure that you are buying a clearly titled property that is in good condition. A professional inspection can also help you make a smart decision before making an offer. However, with proper due diligence, acquiring a duplex for sale in Victoria, British Columbia can be a smart investment that offers both financial and lifestyle benefits. As I always say, "Education is not about learning facts, it is about training the thinking mind." And if you want to train the mind to think wisely about real estate investing, Duplex is perfect for you. It may be an opportunity for  

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.