611 FERNHILL ESQUIMALT

Rockheights neighbourhood of Esquimalt British Columbia Canada V9A 4Y8
$1,450,000

611 FERNHILL ESQUIMALT

  • Price: $1,450,000
  • MLS Number: 916055
  • Square Footage: 4703 Sq Ft
  • Property Type: Residential

Excellent opportunity for Developers/Investors in the heart of the vastly expanding and growing Esquimalt municipality. This 5 Unit walk-up apartment building is situated on 9240 sq/ft and is comprised of 2-2 Bedroom Units and 3-1 Bedroom Units. Currently heavily under rented but the potential is next to none with Esquimalt’s pro-density stance and being situated in the OCP’s Medium Density Development area! Look into a site-specific development or larger land assembly rezone for a 6-story site or hold in your portfolio for long term investment value w/future development. Current Gross rent is almost $60K and each unit offers original hardwood floors with some great Southern Views from the top units. Coin operated laundry, extra storage and on-site parking spot for each unit as well.

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