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1016 North Park St
Vi Fernwood Victoria V8T 1C6

$2,125,000
Residential beds: 8 baths: 4.0 4,801 sq. ft. built: 1948

Main Photo: 1016 North Park St in Victoria: Vi Fernwood Full Duplex for sale : MLS®# 962467
Photo 1: 1016 North Park St in Victoria: Vi Fernwood Full Duplex for sale : MLS®# 962467
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Photo 61: 1016 North Park St in Victoria: Vi Fernwood Full Duplex for sale : MLS®# 962467
Status:
Active
Prop. Type:
Residential
MLS® Num:
962467
Bedrooms:
8
Bathrooms:
4
Year Built:
1948
Quadraplex on North Park in better than new condition! True turn key property, extensively renovated & upgraded that would make an ideal extended family or shared investment. 4 great fully separate units (both sides of full side by side duplex each with an existing non-conforming suite) generating $9400/mo cash flow! 8 Beds, 4 Baths, 4 Kitchens, 4 sep laundry & 6 off street Parking stalls. Two fantastic 3 bedroom upper units & Two huge 1 bedroom/studio's down. Full scale renovation in 2019 (interior/exterior) top to bottom from a reputable builder to high standard; built & designed for low maintenance on the residential rental market. Please see info package for more detail as to what was completed. Further value add with the substantial development potential if property assembled with neighbours who are open. Unique zoning with North Park Commercial Residential District already in place allows for flexible business & residential uses including live/work maker-spaces & multi-family.
Property Type:
Residential
Type:
Full Duplex
Year built:
1948 (Age: 76)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
4,801 sq. ft.
Listing General Location:
Vi Fernwood, Victoria
Bedrooms:
8
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
7,000.048 sq. ft.
Kitchens:
4
Home Style:
Character, Conversion
Taxes:
Building Features:
Basement, Fire Alarm, Security System, Transit Nearby
Construction:
Frame Wood, Stucco
New Construction:
No
Basement:
Full, Not Full Height, With Windows
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Shingle
Ceiling Heights:
Floor finish:
Basement Slab, Hardwood, Tile
Total Building Area:
4,801 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
8
# Main Level Bedrooms:
6
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
2
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
2
# Other Level Kitchens:
0
Living Area Lower Floor:
2,390 sq. ft.
Living Area Main Floor:
2,411 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal, To Lot
Sewer:
Sewer To Lot
Additional Accommodations:
Exists
Cooling:
HVAC
Heating:
Electric, Forced Air, Heat Pump
Fireplace:
No
Pending Date:
Dishwasher, F/S/W/D
Dining/Living Combo
Vinyl Frames
Fencing: Full, Security System
Between Vancouver & Cook
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
Lower Level
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
1 STY Dupl
Accessibility:
Ground Level Main Floor
Bed and Breakfast:
Potential
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
3
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Other Equipment:
Security System
Occupancy:
Tenant
Property Condition:
Resale, Updated/Remodeled
Utilities:
Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Recycling
Exposure / Faces:
Southeast
Layout:
Duplex Side/Side
Lot Site Features:
Level, Rectangular Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Additional Parking, Driveway, Open, RV Access/Parking
Total Parking Spaces:
6
Total Units:
Date Listed:
May 07, 2024
Original Price:
2125000.0
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Virtual Tour 2

Listed by DFH Real Estate Ltd.
Data was last updated May 20, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$899,900
Min list price:
$349,900
Max list price:
$2,125,000
Avg days on market:
39
Min days on market:
4
Max days on market:
1,088
Avg price per sq.ft.:
$575.96
These statistics are generated based on the current listing's property type and located in Vi Fernwood. Average values are derived using median calculations.
Darren Day
Darren Day
Office: 250-708-2000
Cell: 250-686-9222
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.