$1,975,000
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1120 Caledonia Ave, Victoria

Victoria, BC V8T 1G1
MLS® 1038439
1903
Year Built
25
Days on Market

Description

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance.

Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.

Property Details

Property Type Commercial Sale
Property Sub Type Multi Family
Listing ID 1038439
Status Active
City Victoria
Area Victoria
Sub-Area Vi Central Park
Postal Code V8T 1G1
Property Taxes $6,073.08 (2025)
Parking Total 4
Water Municipal
Sewer Sewer Connected
Heating Electric
Exterior Features Balcony/Deck,Fencing: Partial,Low Maintenance Yard
Construction Frame Wood
Foundation Poured Concrete
Listed Date May 28, 2026
Ownership Freehold
Lot Size 0.14 acres

Building Details

Heating Fuel Electric
Stories -1
Exterior Size 5001 sqft

Additional Information

Land Size 6440 sqft
Land Access Road access
Building Type Multi-Family
Transaction For sale

Location