Office Listings

765 Hockley Avenue
La Langford Proper VICTORIA V9B 2V5

$22,567,809
Commercial built: 2019

Main Photo: 765 Hockley Avenue in VICTORIA: La Langford Proper Apartment Block for sale (Langford)  : MLS®# 410411
Status:
Active
Prop. Type:
Commercial
MLS® Num:
410411
Build. Type:
Multi-Family
765 Hockley Ave is designed from the ground up as purpose built rental apartments for downtown Langford. It is a 6 storey CLT and wood frame building in Langford and features 63 residential units with underground / main level parking and in suite laundry. The interior finishes include unique exposed wood features which are an integral part of the construction. 52 units, both one and two bedrooms, have dens. Building is now entering the lease-up stage and a detailed investment package is available. Strong appetite is expected for this asset, as several buildings in the immediate vicinity have recently sold or are under contract. NOTE: Projected income and expenses may be adjusted as lease-up progresses and final numbers are known.
Property Type:
Commercial
Commercial Type:
Multi-Family (5+ Units)
Type:
Apartment Block
Total Finished Rooms:
0
Total Unfinished Rooms:
0
Year Built:
2019
Lot Size:
0.41 acre(s)
Title to Land:
Freehold
Building Type:
Multi-Family
Parking Places:
63.0
Onsite Parking:
Yes
Gross Taxes:
1.0
For Tax Year:
2019
Assessed:
6230000.0
Assessment year:
2019
Assessment Roll Number:
5685021
Gross income:
1266360.0
Net Income:
902710.0
Revenue Property (Y/N):
Yes
Jurisdiction name:
District of Langford
Total Units in Complex:
63
1-Bedroom Units:
42
2-Bedroom Units:
21
3-Bedroom Units:
0
Total 4 bedroom units:
0
Bachelor Units:
0
Commercial Area:
Western Communities
Total Building Area:
17,775 sq. ft.
Price Includes Building:
Yes
Price Includes Business:
No
Price Includes Land:
Yes
Sale type:
Sale of Assets
Transaction Type:
For Sale
Number of Units in Building:
63
Number of Units in Project:
63
Number of Storeys:
6
Date Listed:
May 06, 2019
Original Price:
$22,567,809
  • Photo 1: 765 Hockley Avenue in VICTORIA: La Langford Proper Apartment Block for sale (Langford)  : MLS®# 410411
    Photo 1 of 1
Larger map options:
Listed by Fraser Campbell of Royal LePage Coast Capital - Chatterton
Data was last updated December 10, 2019 at 02:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$456,100
Min list price:
$108,000
Max list price:
$22,567,809
Avg days on market:
135
Min days on market:
3
Max days on market:
276
These statistics are generated based on the current listing's property type and located in Langford. Average values are derived using median calculations.
Colin Gilroy
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.