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Main Photo: 1028 Inverness Rd in Saanich: SE Quadra Multi Family for sale (Saanich East)  : MLS®# 945169
Photo 1: 1028 Inverness Rd in Saanich: SE Quadra Multi Family for sale (Saanich East)  : MLS®# 945169
Photo 2: 1028 Inverness Rd in Saanich: SE Quadra Multi Family for sale (Saanich East)  : MLS®# 945169
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
945169
This opportunity allows potential investors to acquire a 100% ownership stake in Thornwood Manor, located at 1028 Inverness Rd in Greater Victoria. Thornwood Manor is a three-story apartment building situated in a prime location along Inverness Rd, positioned between Quadra St and Glasgow Ave. This offering presents a distinct chance to invest in a well-maintained, income-generating multi-family apartment building at the center of Greater Victoria, with significant potential for redevelopment. The property is surrounded by multi-family zoning, indicating favorable development prospects. Moreover, it's conveniently located, being just a 5-minute drive to Mayfair Mall and the uptown area of Victoria.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
SE Quadra, Saanich East
Bathrooms:
- (Full:-/Half:-)
Lot Size:
14,880 sq. ft.
Lot Details:
98 ft wide
Taxes:
Building Features:
Laundry Room, Parking, Transit Nearby
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Balcony
Main Level
0
Yes
No
Unrestricted
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:
District of Saanich (SD61)
Legal Description:
Units in Building:
Units in Community:
Lot Site Features:
Rectangular Lot, Sidewalk, See Remarks
Total Parking Spaces:
0
Business Type:
Accommodation
Total Units:
Date Listed:
Oct 01, 2023
Original Price:
4990000.0
  • Photo 1: 1028 Inverness Rd in Saanich: SE Quadra Multi Family for sale (Saanich East)  : MLS®# 945169
    Photo 1 of 2
  • Photo 2: 1028 Inverness Rd in Saanich: SE Quadra Multi Family for sale (Saanich East)  : MLS®# 945169
    Photo 2 of 2
Listed by Sutton Group West Coast Realty
Data was last updated May 6, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$2,815,000
Min list price:
$175,000
Max list price:
$11,300,000
Avg days on market:
67
Min days on market:
18
Max days on market:
583
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations.



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