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Listing by Carey Buntain Avison Young Commercial Real Estate Services, LP
$ 8,900,000
Est. payment | /mo
23,052 SqFt
$ 8,900,000
Est. payment | /mo
23,052 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,052 sqft
Price per Sqft $386
MLS Listing ID 1050247
HOA Y/N No
Year Built 1969
Annual Tax Amount $44,479
Tax Year 2026
Property Sub-Type Multi Family
Property Description
The Avison Young Multi-Family Team is pleased to present Gorge Terrace, an extremely well-maintained 36-suite rental apartment building situated adjacent to the Gorge Waterway and Gorge Shopping Centre. The Property occupies a 34,611-sf corner site and has benefited from approximately $490,000 in capital improvements since 2021, including new windows and balconies and 16 fully renovated suites with dishwashers and stainless-steel appliances. Gorge Terrace offers stable in-place income with the opportunity to save on Property Transfer Tax through a bare trust share sale.
Location
Province BC
County Capital Regional District
Community Sw Gorge
Area Saanich West
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Building
Water Municipal
Others
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title
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.”
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