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1-5/19
1120 Caledonia Ave in Victoria: Vi Central Park Mixed Use for sale : MLS®# 1043768
Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance.
Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.More details
Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.7% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income and no known deferred maintenance.
Pride of ownership is evident throughout, with exceptionally clean, updated, and meticulously maintained suites, irrigated yard space, shared bike storage, coin operated laundry, and owner/caretaker utility and storage areas. Suites 6 and 7 are detached, creating flexibility for owner occupancy, caretaker use, or premium rental opportunities. Minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, and major commuter routes. Rare turnkey investment in exceptional condition.More details
Welcome to 2329 Dowler Place, a rare offering in the heart of Victoria featuring 6 self-contained suites totaling 4,422 sq. ft. on a well-maintained property. This multi-family building offers strong rental income potential in a desirable location near parks, shopping, transit, and downtown. The main floor includes two units, one a bright 3-bedroom with spacious living, dining, and private deck. Upstairs are three bachelor suites with open layouts, while the lower level hosts a large 3-bedroom suite with its own kitchen, living room, and laundry. A detached 1-bedroom suite adds flexibility for diverse tenants. All units enjoy natural light, efficient layouts, and outdoor spaces, including decks and an enclosed balcony. Updated systems and common areas enhance appeal. Ideal for investors, multi-generational living, or adding a prime property to your portfolio, this offering delivers value in one of Victoria’s most accessible neighbourhoods.More details
Welcome to 2329 Dowler Place, a rare Victoria offering with 6 self-contained suites and 4,422 sq. ft. of finished space. This well-maintained multi-family property offers strong rental income potential in a prime location near parks, shopping, transit, and downtown. The main floor has two units, including a bright 3-bedroom with spacious living areas, dining room, and private deck. Upstairs are three bachelor suites with open layouts, while the lower level features a large 3-bedroom with kitchen, living room, and laundry. A detached 1-bedroom suite adds flexibility. Units range from 1–3 bedrooms, attracting a diverse tenant mix. The building boasts ample natural light, efficient layouts, and outdoor spaces including decks and an enclosed balcony. Updated systems and well-planned common areas enhance appeal. Ideal for investors, multi-generational living, or those seeking a prime addition to their portfolio, this property delivers value in a highly accessible neighborhood.More details
Investor and developer opportunity in Victoria’s Central Park area. This legal duplex sits on a 60 x 120 lot with a sunny, south-facing rear yard and a double garage, plus a layout that invites creative thinking. The duplex is heritage registered but not designated, opening the door to future options while keeping the character that buyers love. With the building positioned to one side, explore potential to stratify the existing home and consider a second duplex, or evaluate a missing middle style project. The main floor offers a vacant one bedroom suite with its own bath, ready for your tenant selection, and it has been rented as a two bedroom plan in the past. The upper suite features a three-bedroom layout with one bath, and is home to a long-term tenant planning to move in late fall 2026. 1920s charm meets key mechanical upgrades, with added value possible through basement development, garage accommodation potential, or full redevelopment.More details