Leading Real Estate Companies of the World
Frank Chan Frank Chan
$3,495,000 - ML# 1029992
421 Vancouver St
Victoria - Vi Fairfield West

This is only a guide. Please verify this information with your mortgage specialist.

Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.

Title:
Freehold 
Transaction Type:
 
Includes Building:
No 
Includes Business:
No 
Includes Land:
No 
Sale/Lease Type:
Sale Price 
Possession:
Negotiable 
Possession Notes:
 
Taxes:
$12,696.00 (2025) 
Year Built:
1912 
Additional Rent/SqFt:
 
Existing Lease Expiration Date:
 
Business Name:
 
Business Established:
 
Gross Income:
 
Net Income:
 

Building Details

Building Features:
Bike Storage,Fire Alarm,Shopping Nearby,Storage Room 
Building Type:
 
Accessibility:
 
Construction Foundation:
Poured Concrete 
Exterior Finish:
Balcony,Fencing: Partial 
Exterior Features:
Balcony,Fencing: Partial 
Cooling:
 
Heat:
Baseboard 
Approx. Value of Fixed Equip:
 
Parking Spaces:
 
Stories:
3 

Lot Information

SqFt:
7361 
Acres:
0.17 
Total SqFt:
5545 
Lot:
 
Lot Shape:
 
Lot Features:
Central Location,Corner,Curb & Gutter,Easy Access,Landscaped,Level,Sidewalk 
Lot Frontage:
 
Water:
Municipal 
Waste:
Sewer Connected 
Parking:
 
Location Features:
Central Location,Corner,Curb & Gutter,Easy Access,Landscaped,Level,Sidewalk 

Strata Information

Complex:
 
Managed By:
Self Managed 
Monthly Assessment:
$ 
Shared Amenities:
 

Listed with:

Ron Cunningham - DFH Real Estate Ltd.
Phone: 250-477-7291 / Fax: 250-477-3161

Charlie Cunningham - DFH Real Estate Ltd.
Phone: 250-889-5724 / Fax:

Myles Christenson - DFH Real Estate Ltd.