Victoria's lowest entry point for a 5-unit revenue property rewards the right buyer with verified financials, stable tenancies, and income records going back over a decade. Professionally managed since March 2015, this investment includes 4×1-bed suites and 1×2-bed suite, 5 parking spots, bike storage, and coin laundry. Walkable access to groceries, transit, and services in Oak Bay/Jubilee is exactly what keeps the units filled, and gross annual revenue of $75,732 reflects stable, long-term tenancies. Hands-on investors have room to improve their cap rate: self-management eliminates management fees, and taking on the low-maintenance landscaping reduces operating costs further. This is the ideal entry point for the solo investor adding their first multi-unit to a growing portfolio, or a small group ready to put their capital to work together.
Address
1913 Duchess St
List Price
$1,379,000
Property Type
Residential
Type of Dwelling
Quadruplex
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Jubilee
Bedrooms
6
Bathrooms
5
Floor Area
3,465 Sq. Ft.
Lot Size
6180 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
1910
MLS® Number
1032123
Listing Brokerage
Clover Residential Ltd.
Basement Area
None
Postal Code
V8R 4W2
Tax Amount
$7,156.33
Tax Year
2025
Features
Baseboard, Electric