Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.7% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria's most consistently high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property's central location continues to attract quality tenants and support long term rental stability. Whether you're expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:44056)

Property Details

Full Address:
1120 Caledonia Ave, Victoria, British Columbia
Price:
$ 1,790,000
MLS Number:
1043768
List Date:
July 26th, 2026
Building Size:
5001 sq.ft.
Taxes:
$ 6,592

Interior Features

Building Features

Building Size:
5001 sq.ft.
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$ 6,592

Floors

Land

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Mike Giordano Personal Real Estate Corporation eXp Realty
250-884-0885
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Listing Agent(s)

Lead Agent: Mike Giordano
Office: eXp Realty
Originating Board: Victoria Real Estate Board

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