621 Constance Ave.

$1,699,000

Quadruplex located in Esquimalt - Es Esquimalt, V9A 6N8

3299 sqft, 8 Beds, 4 Baths
  • Built in: 1969
  • Type: Residential
  • Cooling: None,
  • Heating: Baseboard, Electric,
  • Basement: Other,
  • Foundation Details: Concrete Perimeter,
  • Lot Size: 0.17 acres
  • Total Parking: 5
  • Parking Features: Detached, Carport Quad+,
  • Features: Level, Rectangular Lot,
  • Zoning: RM-4

Description

Large redevelopment puzzle piece. Legal 4 - Plex. Golden holding property as the Township of Esquimalt would like to see a tower replace this and the neighbouring lot. Surrounded by other high rise developments in an area of tremendous growth. Avoid the City of Victoria's restrictive building requirements that have seen new housing starts there drop by 60% while more development-friendly Esquimalt's has jumped by 30%. 621 Constance is a stone's throw from Greater Victoria's 3rd largest employer: CFB Esquimalt, and just a few blocks from the new Esquimalt Town Square and Village Project. This purpose-built 4-plex has 3 of 4 tenants paying market rent of $1,800/month, with the 4th at $1,500 ($82,000/yr). These rents are already higher than the average rents in Langford, and the building location shaves 10km off the commute into Victoria. Be part of Esquimalt's revitalization.

Location

Contact Me About This Listing