2325 Central Avenue


2325 Central Avenue

Overview

Devon Court Apartments is a jewel of a building. The current owners have done many upgrades including new roof, new thermo pane windows, new fire alarm and emergency lighting system, new gas fired boiler for heat and domestic hot water. A very well maintained property that feature suite hard wood floors. The building was built in 1963 and comprises two storey concrete construction with 11 suites and one medical office. Coin-operated laundry and parking for 10 vehicles is available onsite. Hot water, heat and parking is provided by the landlord and is include in the tenant’s rent. Suite hydro is metered separately and paid directly by the tenant. The property is a carefree investment in excellent condition in a very quiet and convenient rental location in south Oak Bay, one block from ocean.

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Asking Price
$1,975,000
Heating
Gas fired boiler
Hot Water
Gas fired boiler
Land Size
12,720 Sq. Ft.
Parking
10 spaces
Suite Mix
4-1 bedroom
7-2 bedroom
one medical office
Suites
11 plus office
Year Built
1963
Zoning
C2 commercial
'My sales of apartment buildings from 2000 to 2010 have been over $200,000,000 and over 2,000 suites.'
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