Houses For Sale Victoria, BC under 400.000
1106 Balmoral Rd
Vi Fernwood
Victoria
V8T 1B1
$4,320,000
Commercial Sale
built: 1912
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1042904
- Year Built:
- 1912
- Photos (38)
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Rare 19-suite character walk-up in Victoria's tightly-held Fernwood/North Park pocket. Built in 1912, "The Normandie" offers a diversified mix of 12 bachelor, 6 one-bedroom, and 1 two-bedroom suites, ideal for steady, staggered turnover. Building has been fully rewired and has separately metered electrical for every suite; Upgraded to central gas-fired domestic hot water. Original period detailing throughout, including a stained-glass stairwell and classic bay-window facade. Unbeatable walkability — steps to Fernwood Village, ~650m to downtown core, ~1.7km to Royal Jubilee Hospital, on a strong transit corridor. A stable, well-maintained long-term hold priced to reflect a 5.0% cap rate. Full financials, rent roll, and capital improvement records available to qualified buyers under NDA. Contact listing agent for the complete offering package.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Year built:
- 1912 (Age: 114)
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Vi Fernwood, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 3,600 sq. ft.334 m2
- Lot Details:
- 40x90
- Taxes:
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- Building Features:
- Basement, Fire Alarm, Fire Sprinklers, Laundry Room, Storage Room, Transit Nearby
- Construction:
- Brick, Concrete
- Foundation:
- Concrete Perimeter
- Number of Storeys:
- 3
- Ceiling Heights:
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- Floor finish:
- Mixed
- Total Building Area:
- 10,000 sq. ft.929 m2
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Victoria
- Legal Description:
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- Lot Site Features:
- Central Location, Corner Lot, Recreation Nearby, Rectangular Lot, Serviced, Sidewalk
- Total Units:
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- Date Listed:
- Jul 14, 2026
- Original Price:
- 4320000.0
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Listed by RE/MAX Generation
Data was last updated July 16, 2026 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 125
- Avg list price:
- $1,060,000
- Min list price:
- $30,000
- Max list price:
- $9,200,000
- Avg days on market:
- 96
- Min days on market:
- 1
- Max days on market:
- 508
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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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.
