160 Beechwood Avenue

A unique opportunity in one of the finest neighbourhoods in all of Victoria. 160 Beechwood Avenue just off Hollywood Crescent is a LEGAL 5 Plex sitting on a large lot (twice the size of neighbouring lots), with downstream development potential for more revenue to be created. (Potential Buyers to satisfy themselves with City of Victoria Re: Missing Middle Housing Strategy). Existing property has seen close to $1,000,000 worth of upgrades in the last year with 4 of the suites taken down to their studs and re-built, to code, from the ground up. All new heating & cooling mechanical systems installed, hot water on-demand, electrical upgrades, 4 new suites have in-house laundry, separate panels, and natural gas to several units including wall mounted gas furnaces. Comprised of four 1 Bedroom Suites (three with excellent 2022 market rents- one with ocean glimpse) & one rare large, 2 Bedroom plus den/ two bathroom/ two Level unit which would make an excellent owner/occupier suite... (recently rented for $3350/month). 160 Beechwood Avenue is an amazing investment opportunity in an exceptional location with great long-term holding options. Lots of off-street parking. All within the charming FAIRFIELD residential community known for its gorgeous cherry blossom tree lined streets, city parks, playgrounds & within walking distance of wonderful local shops & restaurants and the Fairfield Plaza, excellent bus routes. Your ocean playground, Gonzales Beach and Ross Bay are only steps away. This is an opportunity not to be missed. Contact your realtor today to learn more.