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$1,499,000

Victoria BC, V8V 4C4

MLS® # 999254

Property Information:

You are invited to this rare opportunity to acquire a legal 4-plex character-conversion in the heart of Cook St. Village. Nearly 4000 sf combines the charm of yesteryear with extensive infrastructural upgrades and cosmetic renovations. The property offers owner-occupier versatility and long-term profitability. Corrected Current Gross Effective Income >$80,000. Four 1 BR suites (2 with fireplaces) and ample storage-flex space in the basement located on all major bus routes, mere blocks from Beacon Hill Park, Sir James Douglas Elementary and Dallas Road Beach. Potential bonus density afforded by Schedule G bylaw; Victoria’s Missing Middle OCP Infill updated 2025 Plan and Bill 44 Houseplex Action Plan Approved Area with RK Zoning. This one will earn well in any portfolio! Contact your realtor today for more details and preapproved showings.

Property Features:

  • Bedrooms: 4
  • Bathrooms: 4
  • Annual Tax Amount: $6,016
  • Appliances: F/S/W/D
  • Architectural Style: Character
  • Basement: Partial, Unfinished, Walk-Out Access, With Windows
  • Building Features: Basement, Bike Storage, Fire Alarm, Transit Nearby
  • Built in: 1910
  • Construction Materials: Shingle-Other
  • Cooling: None
  • Exterior Features: Fencing: Partial, Garden
  • Fireplace Features: Living Room
  • Floor Space (approx): 4616 Square Feet
  • Flooring: Carpet, Mixed, Softwood
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Common Area, In Unit
  • Lot Features: Central Location, Shopping Nearby
  • Lot Frontage: 5700 Square Feet
  • Lot Size: 5700.00 Square Feet
  • Other Equipment: Sump Pump
  • Ownership: Freehold
  • Parking Features: Driveway, On Street
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Rent Includes: Heat, Hot Water
  • Road Surface Type: Paved
  • Roof: Metal
  • Utilities: Natural Gas Connected
  • View: City
  • Water Source: Municipal
  • Window Features: Blinds, Stained/Leaded Glass
  • Zoning: Medium Density
  • Zoning Description: Other
  • Sewer:
  • No. of Parking Spaces: 3

Rooms:

  • Bedroom Main Level 4.88 m x 3.96 m
  • Living Main Level 3.96 m x 3.96 m
  • Bathroom Main Level
  • Kitchen Main Level 3.05 m x 2.44 m
  • Kitchen Main Level 1.83 m x 1.83 m
  • Living Main Level 4.27 m x 3.96 m
  • Bedroom Main Level 3.96 m x 2.74 m
  • Bathroom Main Level
  • Bathroom 2nd Level
  • Kitchen 2nd Level 3.96 m x 3.66 m

Convert Measurement to:


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.

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 516 Su'it St, Victoria, BC, V8V 4C4

Demographic Information of 516 Su'it St, Victoria, BC, V8V 4C4

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$120,802.75

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.08 %

High school certificate or equivalent

26.35 %

Apprenticeship trade certificate/diploma

3.91 %

College/non-university certificate

16.99 %

University certificate (below bachelor)

2.35 %

University Degree

45.32 %

Commuter

Travel To Work

By Car

48.54 %

By Public Transit

9.7 %

By Walking

25.28 %

By Bicycle

7.64 %

By Other Methods

8.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

75.73 %

Houses

24.27 %

Own Vs. Rent