Victoria Real Estate

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I have listed a new property at 569 Toronto ST in VICTORIA.
Affordable Housing in James Bay...Character mansion licensed as one suite & 7 light housekeeping units...Actual use is 1 1br suite, 7 light housekeeping suites, 2 self-contained basement suites & one free-standing cottage...plus a separate garage...Old school owner since 1979 has completed improvements over the years without permits...New roof on the mansion last year...New roof on the cottage two years ago...Property is zoned multi-family...and has re-development potential...But the residents would likely prefer the usage to remain as it is...These are rare & affordable rental units close to Beacon Hill Park, the seaside, & shopping. Current rents total $6,045 per month, some not adjusted for years. Seven tenants pay their own hydro.
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