The subject property is the Malika apartment complex. The property is a three-level, walk-up, apartment building, constructed in 1959 with a total of 20 units. There are 6 studio units, 4 one-bedroom units, and 10 two-bedroom units. The property is situated in the residential neighborhood of Fernwood in the City of Victoria located within the Capital Regional District (CRD) on Vancouver Island. Based on the supported building types within the OCP designation, the property would potentially be suitable for future redevelopment with mid-rise residential with a building height up to six storeys. The subject property is classified as R3-2 Zone, Multiple Dwelling District in the City of Victoria Zoning Bylaw.
| Address |
1258 Yates St |
| List Price |
$8,999,999 |
| Property Type |
Commercial Sale |
| Type of Dwelling |
Multi Family |
| Area |
Victoria |
| Sub-Area |
Vi Fernwood |
| Lot Size |
17760 Sq. Ft. |
| Year Built |
1959 |
| MLS® Number |
954387 |
| Listing Brokerage |
Fair Realty
|
| Postal Code |
V8V 3N3 |
| Tax Amount |
$23,737 |
| Tax Year |
2023 |
