737 Vancouver Street, Downtown Victoria

Description

737 Vancouver Street is a rare 4-suite investment property combining historic character with extensively updated building systems. Originally designed by John Teague for Hedley Chapman in 1892, the home underwent a comprehensive renovation in 2014, including a new foundation, all-new electrical and plumbing, perimeter drains, and extensive interior upgrades with design by Ryan Hoyt. The result is a character property positioned for streamlined long-term ownership. Each private suite features sound and fire separation, its own water and hydro meters, laundry, hot water tank, and storage locker. Exposed brick, fir flooring, soaring ceilings, and expansive windows retain the home’s timeless appeal. Ideally located just blocks from Cook Street Village and downtown, tenants enjoy easy access to shops, cafés, transit, and amenities. A detached single-car garage provides additional income potential or additional development opportunities. Gross monthly rent: $9,850 - Approx cap rate at 5.38% (id:39198)