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Royal LePage
Royal LePage
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$4,999,000

Saanich BC, V8X 2S1

MLS® # 945169

Property Information:

This opportunity allows potential investors to acquire a 100% ownership stake in Thornwood Manor, located at 1028 Inverness Rd in Greater Victoria. Thornwood Manor is a three-story apartment building situated in a prime location along Inverness Rd, positioned between Quadra St and Glasgow Ave. This offering presents a distinct chance to invest in a well-maintained, income-generating multi-family apartment building at the center of Greater Victoria, with significant potential for redevelopment. The property is surrounded by multi-family zoning, indicating favorable development prospects. Moreover, it's conveniently located, being just a 5-minute drive to Mayfair Mall and the uptown area of Victoria.

Property Features:

  • Annual Tax Amount: $21,000
  • Building Features: Laundry Room, Parking, Transit Nearby
  • Business Type: Accommodation
  • Exterior Features: Balcony
  • Lot Features: Rectangular Lot, Sidewalk, See Remarks
  • Lot Frontage: 14880 Square Feet
  • Lot Size: 14880.00 Square Feet
  • Ownership: Freehold
  • Property Sub Type: Multi Family
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group West Coast Realty

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.

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⚠ Potential Investment Performance

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Location of 1028 Inverness Rd, Saanich, BC, V8X 2S1

Demographic Information of 1028 Inverness Rd, Saanich, BC, V8X 2S1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$99,858.07

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.29 %

High school certificate or equivalent

32.46 %

Apprenticeship trade certificate/diploma

6.26 %

College/non-university certificate

17.14 %

University certificate (below bachelor)

2.66 %

University Degree

30.19 %

Commuter

Travel To Work

By Car

67.48 %

By Public Transit

11.01 %

By Walking

10.23 %

By Bicycle

7.38 %

By Other Methods

3.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.29 %

Houses

22.71 %

Own Vs. Rent

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