Buy a home and real estate in Esquimalt
611 Fernhill Rd
Es Rockheights
Esquimalt
V9A 4Y8
$1,400,000
Commercial Sale
built: 1958
- Status:
- Sold
- Sold Date:
- Dec 22, 2022
- Sold Price:
- $1,400,000
- Sold in:
- 79 days
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 916055
- Year Built:
- 1958
Excellent opportunity for Developers/Investors in the heart of the vastly expanding and growing Esquimalt municipality. This 5 Unit walk-up apartment building is situated on 9240 sq/ft and is comprised of 2-2 Bedroom Units and 3-1 Bedroom Units. Currently heavily under rented but the potential is next to none with Esquimalt's pro-density stance and being situated in the OCP's Medium Density Development area! Look into a site-specific development or larger land assembly rezone for a 6-story site or hold in your portfolio for long term investment value w/future development. Current Gross rent is almost $60K and each unit offers original hardwood floors with some great Southern Views from the top units. Coin operated laundry, extra storage and on-site parking spot for each unit as well.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Year built:
- 1958 (Age: 66)
- Lease Type:
- Sale Price
- Listing General Location:
- Es Rockheights, Esquimalt
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 9,240.064 sq. ft.858.43 m2
- Taxes:
- $6,171.23 / 2022
- Building Features:
- Parking, Storage Room, Transit Nearby
- Construction:
- Stucco
- Foundation:
- Concrete Perimeter
- Number of Storeys:
- 3
- Total Building Area:
- 4,703 sq. ft.436.923 m2
- Commercial Area:
- Core (excl Downtown)
- Water supply:
- Municipal
- Sewer:
- Sewer Connected, Sewer To Lot
- Cooling:
- None
- Heating:
- Hot Water, Oil
- Fireplace:
- No
- Pending Date:
- Nov 23, 2022
- Date Sold:
- Dec 22, 2022
- Balcony/Deck
- Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 1243700.0
- Assessment year:
- 2022
- Gross Income:
- 59625.6
- Jurisdiction name:
- Township of Esquimalt
- Legal Description:
- Lot C, Plan VIP12446, Section 11, Esquimalt Land District
- Zoning:
- RD1 - Two Family Resident
- Units in Building:
- 5
- Occupancy:
- Tenant
- Parking Features:
- On Site
- Total Parking Spaces:
- 5
- Total Units:
- 5
- Date Listed:
- Oct 04, 2022
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Listed by Pemberton Holmes - Cloverdale, sold on December, 2022
Data was last updated March 29, 2024 at 10:05 AM (UTC)
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
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.