Pleased to offer for a sale a 100% interest in Sparwood Apartments, a 20-unit apartment building well located in Saanich.
This well maintained apartment building sits on a large +/- 20,210 square foot lot, fronting onto Carey Road, providing tenants with quick access to the Uptown Shopping Centre, and the Pat Bay Highway, one of Victoria's main highways running north-south from Downtown Victoria to the Swartz Bay ferry terminal. Investment highlights include; • Tenants pay their own heat and hot water, significantly reducing owner expenses • Below market rents provide significant upside in income on tenant turnover • Updated vinyl windows and doors throughout the building • 28 surface parking stalls on site • Coin operated laundry on site, two (2) washers and two (2) dryers