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

$1,499,000

MLS® # 999254

Investment For Sale In Victoria, British Columbia

$1,499,000

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

Courtesy of: Royal LePage Coast Capital Realty

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.

Additional Photos