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51 Marlborough St
Vi Fairfield West Victoria V8V 4A6

$2,984,000
Commercial Sale built: 1912

View from Marlborough St
Photo 1: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 2: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 3: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 4: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 5: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 6: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 7: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 8: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 9: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 10: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 11: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 12: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 13: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 14: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 15: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Photo 16: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
970506
Year Built:
1912
Welcome to this exceptional West Fairfield investment opportunity (Marlborough House contains 9 authorized residential suites). It is situated at the corner of Marlborough St. and Woodstock Ave. on two lots totaling 13,477 square feet. The location offers an unparalleled blend of urban convenience and natural beauty, minutes from downtown Victoria and steps from Victoria’s famous Beacon Hill Park and the spectacular Dallas Road waterfront. The property has been owned since the 70’s by an out-of-province family who now have other interests. Situated on two lots, the property offers an investor the potential of a profitable multi-residential development site (13,477 SF) while yielding an ongoing acceptable return from the nine residential suites. Note that present rents are under market; this offers the potential for a huge return upside if the property is kept as is! Don’t let this investment opportunity pass you by. See the financials in supplements.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1912 (Age: 112)
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Fairfield West, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
13,427 sq. ft.
Lot Details:
97.3 X 138
Taxes:
Building Features:
Basement, Fire Alarm, Laundry Room, Parking, Transit Nearby
Construction:
Frame Wood
Foundation:
Block
Electricity:
Yes
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Carpet, Hardwood, Linoleum
Total Building Area:
5,700 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Forced Air, Hot Water, Natural Gas
Fireplace:
No
Pending Date:
Fixtures
Balcony, Balcony/Deck, Balcony/Patio
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:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Tenant
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Lot Site Features:
Adult-Oriented Neighbourhood, Central Location, Corner Lot, Easy Access, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Parking Spaces:
8
Road Frontage Type:
Street
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 14, 2024
Original Price:
2984000.0
  • Photo 1: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    View from Marlborough St
  • Photo 2: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    View from corner of Woodstock Ave and Marlborough St
  • Photo 3: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Marlborough House nameplate
  • Photo 4: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Beautiful entry staircase
  • Photo 5: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 5 of 16
  • Photo 6: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Fireplace
  • Photo 7: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Windows in all suites
  • Photo 8: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Hallway in suite
  • Photo 9: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 9 of 16
  • Photo 10: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 10 of 16
  • Photo 11: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 11 of 16
  • Photo 12: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 12 of 16
  • Photo 13: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Photo 13 of 16
  • Photo 14: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Separate free standing garage from Woodstock Ave
  • Photo 15: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Back of garage
  • Photo 16: 51 Marlborough St in Victoria: Vi Fairfield West Multi Family for sale : MLS®# 970506
    Carport on property
Listed by NAI Commercial (Victoria) Inc.
Data was last updated November 23, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
76
Avg list price:
$600,000
Min list price:
$16
Max list price:
$6,000,000
Avg days on market:
109
Min days on market:
3
Max days on market:
677
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.

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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.