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$5,350,000

860 Carrie St
MLS® NO: 909194

Description

Colliers is pleased to offer a rare opportunity to acquire an extensively renovated, and completely rebuilt sixteen (16) unit rental apartment building for sale at 860 Carrie Street. This highly desirable apartment building is a superb opportunity for an investor to acquire a stable cash-flowing asset with below market financing in the amenity rich township of Esquimalt. Investment Highlights •Assumable mortgage locked in at 3.2% until 2029 •Property is held in a bare trust, offering a purchaser the opportunity to save on the property transfer tax •Entire building and all suites have undergone significant renovations •On-site parking and in-suite laundry for all tenants •Rental upside upon tenant turnover (rents are currently below market) •Centrally located within walking distance to schools, grocery stores, restaurants, cafes, parks, and the ocean •All 16 units have been updated with a high-quality modern finish and all 12 (1) bedroom suites have their own private balcony

General

Taxes: 15880.900390625
Year Built: 1971

Lot Information

SqFt: 12500
Acres: 0.29
Parking: 16

Property Details

Building Type:
Municipality: Esquimalt
Sq. Feet: 12,500

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Listed with:

Marc Foucher - Colliers