$2,599,999

Situated in a vibrant, character-rich neighbourhood, this distinguished heritage property offers a rare investment opportunity combining timeless architecture with strong income potential. The stately exterior showcases ornate woodwork, expansive windows, grand columns, and a welcoming wrap-around veranda, creating exceptional curb appeal and a lasting first impression. Inside, the property has been legally configured into ten unique rental suites. Units feature impressive ceiling heights along with restored hardwood flooring, classic moldings, and charming fireplaces. These elements create an elevated living experience that continues to attract quality tenants seeking both character and comfort. The property delivers strong, reliable performance, generating approximately $18,000 per month in rental income. Ideally located with a walk score of 73 and transit at your doorstep! Enjoy the immediate benefit of 8 reliable tenancies already in place. (id:64343)

Business

Business Type

Accommodation

Property Details

MLS® Number	1028840
Property Type	Multi-family
Neigbourhood	Fernwood
Features	Corner Site
Plan	Vip154a

Building

Constructed Date	1901
Cooling Type	None
Heating Fuel	Electric
Size Exterior	7726 Sqft
Type	Multi-family

Land

Access Type	Road Access
Acreage	No
Size Irregular	10530
Size Total	10530 Sqft
Size Total Text	10530 Sqft
Zoning Description	Grd-1(pga)
Zoning Type	Unknown

https://www.realtor.ca/real-estate/29670121/1270-yates-st-victoria-fernwood