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21 Olympia Avenue - SOLD



21 OLYMPIA AVENUE
Victoria, BC
MLS 218955

 

PRICE: $795,000
Legal Description: Lot 5, Plan 1186, LD 57 Victoria, Beckley Farm Section
PID: 002-403-994
Zoning: R2
Present Use: Four Suites
Assessment 2006:
Land: $527,000
Improvements: $108,000
TOTAL: $635,000
Taxes: $4533.51 (2006)
Age: Circa 1911
Lot Size: 59' x 150'

One of the finest locations in Victoria – SEA GLIMPSES! QUIET! James Bay near Beacon Hill Park, Dallas Road and the waterfront. The perfect investment, or possible redevelopment, or the main floor suite is suitable for owner/occupant. Two 2 Bedrooms and two 1 Bedroom suites. A "Grand Old Home" converted to 4 suites (three legal) and an appealing well cared for property- circa 1911. The large 59' x 150' lot could have easy access to the rear yard.

» Click here to view the site plan

Suite #4 - Main Floor
Estimated Square Footage - 1400
Ceilings – 10 ft.
   
Entrance 11' x 10'
Living Room 15' x 18' (w/ fireplace)
Master Bedroom 14' x 16' (w/ fireplace)
2nd Bedroom 14' x 11' (w/ fireplace)
Kitchen 15' x 11'
Additional Kitchen 5' x 9'
Bathroom 4 Piece


SUMMARY OF SUITES AND RENTS
 
  LOCATION DESCRIPTION PRESENT RENT PROJECTED RENT
SUITE #1 Basement
Small 1 Bedroom
$550
$625
SUITE #2 Top floor Spacious 1 Bedroom $850 $850
SUITE #3 Basement 2 Bedrooms $625 $700
SUITE #4 Main Floor 2 Bedrooms Vacant $1200

PROJECTED RENTS - $40,500./annum 

2005 EXPENSES
Excluding maintenance, management, gardening and vacancy allowance.
   
Garbage
$174
Gas $1717
Hydro $1691
Water/Sewer $840
Insurance $759
Taxes $4534 (2006)

The information provided is received from sources believed to be reliable but it is the responsibility of the buyer to verify. If important the buyer will verify projected rents and expenses, zoning, room sizes, square footage, lot size and any projected expenses.


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