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1022 Pemberton Rd
Vi Rockland Victoria V8S 3R6

$1,899,000
Commercial Sale built: 1913

5 Suites 4500 sq ft 9000 sq ft lot
Photo 1: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
Photo 2: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
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Photo 41: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
963146
Year Built:
1913
1022 Pemberton Road presents a unique opportunity to buy and hold a stable, cashing flowing multi-unit character revenue property in Victoria’s revered Rockland neighborhood with further value-add potential being achieved through the modernization of the massive, mostly original condition suites upon tenant turnover, and development into the huge attic. BOTH TOP FLOOR SUITES ARE VACANT AS OF OCTOBER 1ST. Offering 4850 square feet of living space, the five self-contained and legal suites feature 11’ ceilings, intricate stained-glass windows, hardwood floors, claw foot tubs, and gas fireplaces. Forced air heat is supplied by a single gas fired furnace. The laundry room is equipped with a coin operated washer and dryer, and the detached garage has been utilized as a secured bike room with individual storage lockers. This unique offering is priced to sell.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1913 (Age: 111)
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Rockland, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
9,332.065 sq. ft.
Taxes:
Building Features:
Basement, Bike Storage
Construction:
Insulation: Ceiling, Insulation: Walls
Foundation:
Brick/Mortar, Concrete Perimeter
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
4,850 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Forced Air, Natural Gas
Fireplace:
No
Pending Date:
Common areas can be viewed, but suites will only be shown with accepted offer. Matterport available for all suites.
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Rectangular Lot
Parking Features:
On Site
Total Parking Spaces:
5
Total Units:
Date Listed:
May 07, 2024
Original Price:
1899000.0
  • Photo 1: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
    5 Suites 4500 sq ft 9000 sq ft lot
  • Photo 2: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
    5 Suites 4500 sq ft 9000 sq ft lot
  • Photo 3: 1022 Pemberton Rd in Victoria: Vi Rockland Multi Family for sale : MLS®# 963146
    5 Suites 4500 sq ft 9000 sq ft lot
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    5 Suites 4500 sq ft 9000 sq ft lot
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated September 25, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
86
Avg list price:
$839,950
Min list price:
$16
Max list price:
$4,200,000
Avg days on market:
111
Min days on market:
13
Max days on market:
618
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
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.