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4026 Quadra St
SE Lake Hill Saanich V9X 4E3

$33,000,000
Commercial Sale

4026 Quadra St
Photo 1: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 2: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 3: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 4: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 5: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 6: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 7: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Photo 8: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
954096
Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. Current use is a near 100% rented 87 unit apartment building built in 1977 with a site coverage ratio of 26%. The apartment consists of 11 one bed, 6 studio, 3 three bed, 1 two bed + Den and 66 two bed units. The subject property is designated as part of a Neighborhood Centre under Saanich’s OCP. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: High Rise (up to 18 storeys) Townhouse (up to 3 storeys), Low-rise residential (up to 4 storeys), Mid-rise residential (up to 8 storeys), Live/work studios & Office (up to 8 storeys), Civic and institutional (generally up to 8 storeys) and Commercial and Mixed-Use (generally up to 8 storeys). Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
SE Lake Hill, Saanich East
Bathrooms:
- (Full:-/Half:-)
Lot Size:
2.01 acre(s)
Taxes:
Ceiling Heights:
Total Building Area:
1.991 acre(s)
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
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:
District of Saanich (SD61)
Legal Description:
Zoning:
RA-3
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Feb 21, 2024
Original Price:
3.3E7
  • Photo 1: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    4026 Quadra St
  • Photo 2: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Photo 2 of 8
  • Photo 3: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Photo 3 of 8
  • Photo 4: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Photo 4 of 8
  • Photo 5: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Lobby
  • Photo 6: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Unit Example
  • Photo 7: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Unit Example
  • Photo 8: 4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East)  : MLS®# 954096
    Photo 8 of 8
Listed by Fair Realty
Data was last updated April 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,030,000
Min list price:
$34,900
Max list price:
$33,000,000
Avg days on market:
78
Min days on market:
2
Max days on market:
354
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations.
JEFF MEYER
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.