1120 Caledonia Ave

1120 Caledonia Ave · Victoria, Downtown · Multi-Family · $1,975,000 · MLS 1038439

Victoria, British Columbia · Neighbourhood: Downtown

C$1,975,000

For sale

1120 Caledonia Ave is located in Victoria (Downtown). Property snapshot: Multi-Family, listed at $1,975,000, MLS 1038439. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 24. Latest recorded list price 1975000.00; 1 price c

List Price: $1,975,000

MLS: 1038439

Days on Site: 24

Price History: Latest recorded list price 1975000.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 1120 Caledonia Ave?

Start by reading this listing in its Victoria Downtown context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?

Recent comparable sales, competing active listings, days on market, price changes and current market pace.
Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.

How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 1120 Caledonia Ave?

This page shows a list price of $1,975,000 with MLS 1038439.

What type of home is this Victoria, Downtown listing?

The page shows Multi-Family at 1120 Caledonia Ave. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 24 days on market/site. Latest recorded list price 1975000.00; 1 price change(s) on file.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained 7 suite revenue property offers strong cash flow, an exceptional 6.1% cap rate, and outstanding long term holding potential in one of Victoria’s most consistently high demand rental markets. Investor alert, this is a rare opportunity to acquire a true turnkey multi unit asset with strong in place income, exceptional physical condition, and no known deferred maintenance. Pride of ownership is evident throughout and the condition of this property must be seen to be appreciated. Exceptionally clean, updated, and meticulously maintained suites offer bright living spaces, well kept kitchens and baths, irrigated yard space, shared bike storage, common coin operated laundry for tenants, and owner/caretaker utility and storage areas. Meticulously cared for over the years, this is a rare “plug and play” investment where the heavy lifting has already been done, allowing owners to step into a stable, income producing asset from day one. A rare and valuable feature, Suites 6 and 7 are detached from the main building, creating ideal flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique configuration provides versatility rarely found in multi unit investment properties. Ideally located just minutes to Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, transit, schools, and major commuter routes, this central location continues to support strong tenant demand and long term rental stability. An exceptional opportunity to acquire a premium multi unit investment property in a prime Victoria location, offering strong existing income, exceptional condition, and compelling long term investment appeal. (id:56153)