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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 February 22, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$595,000
Min list price:
$65,000
Max list price:
$11,300,000
Avg days on market:
150
Min days on market:
14
Max days on market:
510
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations.

Diverse New Condo Development Project in Victoria

As realtors we are the first to be notified by the developers of different condo projects when they are launched. If you are looking for these new condo developments and opportunities, please contact us and we will make sure to notify you as soon as the sales have begun.


A few of these new condo developments require buyers to register on a list, but if you just simply contact us, we will get you ahead of those on the list and get you a booked showing for the condo launch.


Further, another great service we offer our clients that are looking at these new condo developments or pre-sales is we make sure , that if you are not in the country, we do a full video walkthrough of the showroom just like you are here. It is an incredible service and our new home buyers that are looking for a new condo project love it!


Let us help you find your next home, we will be happy to help.

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.