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$1,850,000
British Columbia,Victoria
For Sale Active
1120 Caledonia Ave, Victoria, British Columbia V8T1G1
  • 7
  • 8
  • 5,001 Sqft
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Basic Details
Description

Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.55% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria’s most consistently

high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property’s central location continues to attract quality tenants and support long term rental stability. Whether you’re expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1043765
  • Price: $1,850,000
  • Bedrooms: 7
  • Bathrooms: 8
  • Square Footage: 5,001 Sqft
  • Year Built: 1903
  • Status: Active
  • Office Name: eXp Realty
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 283870
Features & Appliances
Features
  • Heating System: Baseboard heaters
  • Cooling System: None
Address Map
  • Location: CA, British Columbia, Victoria, V8T1G1
  • Street: Caledonia
  • Street Number: 1120
  • Street Suffix: Avenue
  • Longitude: W124° 38' 55.1''
  • Latitude: N48° 25' 50.4''
  • Zoning: Residential
Additional Information
  • Lot Size Dimensions: 6440
  • Number Of Units Total: 7
Financial
  • Tax Annual Amount: 6592.33
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Listing updated: 2026-07-27 08:03:04
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Listing Information
  • List Agent Key: 1990682
  • List Office Key: 283870
  • Modification Timestamp: 2026-07-26T19:10:02Z
  • Originating System Name: Victoria Real Estate Board
  • Status Change Timestamp: 2026-07-26T19:03:51Z
Powered by REALTOR.ca
Listing updated: 2026-07-27 08:03:04
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