Welcome to this exceptional West Fairfield investment opportunity (Marlborough House contains 9 authorized residential suites). It is situated at the corner of Marlborough St. and Woodstock Ave. on two lots totaling 13,477 square feet. The location offers an unparalleled blend of urban convenience and natural beauty, minutes from downtown Victoria and steps from Victoria’s famous Beacon Hill Park and the spectacular Dallas Road waterfront. The property has been owned since the 70’s by an out-of-province family who now have other interests.
Situated on two lots, the property offers an investor the potential of a profitable multi-residential development site (13,477 SF) while yielding an ongoing acceptable return from the nine residential suites. Note that present rents are under market; this offers the potential for a huge return upside if the property is kept as is! Don’t let this investment opportunity pass you by. See the financials in supplements or call to receive the financials.
| Address | 51 Marlborough St |
| List Price | $2,984,000 |
| Property Type | Commercial Sale |
| Type of Dwelling | Multi Family |
| Area | Victoria |
| Sub-Area | Vi Fairfield West |
| Lot Size | 13427 Sq. Ft. |
| Lot Size Acres | 0.31 Ac. |
| Year Built | 1912 |
| MLS® Number | 970506 |
| Listing Brokerage | NAI Commercial (Victoria) Inc. |
| Postal Code | V8V 4A6 |
| Tax Amount | $13,867 |
| Tax Year | 2023 |
| Features | Carpet, Forced Air, Hardwood, Hot Water, Linoleum, Natural Gas |
| Amenities | Adult-Oriented Neighbourhood, Balcony, Balcony/Deck, Balcony/Patio, Central Location, Corner Lot, Easy Access, Landscaped, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk |