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.
Address
1120 Caledonia Ave
List Price
$1,850,000
Property Type
Residential
Type of Dwelling
Quadruplex
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Central Park
Bedrooms
7
Bathrooms
8
Floor Area
5,001 Sq. Ft.
Lot Size
6440 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
1903
MLS® Number
1043765
Listing Brokerage
eXp Realty
Basement Area
Other
Postal Code
V8T 1G1
Tax Amount
$6,592.33
Tax Year
2026
Features
Baseboard, Mixed
