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1120 Caledonia Ave, Victoria
2026-07-28
Quick Summary
- Location
- 1120 Caledonia Ave, Victoria, British Columbia V8T1G1
- Price
- $1,850,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 5001 sqft
- Bedrooms:
- 7
- Bathrooms:
- 8
- Garages:
- 4
- Year of Construction:
- 1903
MLS®#1043765
Property Description
Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.55% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria's most consistently high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property's central location continues to attract quality tenants and support long term rental stability. Whether you're expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Interior Size: 5001 sqft
- Building Type: Fourplex
Land
- Land Size: 6440 sqft
Ownership
- Type: Freehold
Structure
- Structure: Patio(s)
Information entered by eXp Realty
Listing information last updated on: 2026-07-26 19:03:51
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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Valentino Prundaru REALTOR®, Licensed Real Estate Agent
- Phone:
- (250) 686-2242
- Email:
- prundaru@gmail.com
- Support Area:
- Victoria, Saanich, Oak Bay, Esquimalt, Langford, Colwood, Central Saanich, North Saanich, Sidney, View Royal, Metchosin, Highlands, Sooke, Saanich East, Saanich West, James Bay, Fairfield, Shawnigan Lake, Mill Bay, Cobble Hill, Cowichan Bay, Duncan
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- Email:
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- Support Area:
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- Phone:
- (250) 590-7011
- Mobile:
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- Email:
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- Support Area:
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