Stadacona Centre

1419 Stadacona Avenue 1545 Pandora Avenue
V8S 5J3 Victoria , BC
Canada

Statistics

A prime opportunity to invest in a robust and growing city and BC's provincial capital city, Victoria on Vancouver Island.

Welcome to Stadacona Centre in Victoria, BC

Stadacona Centre is a 4 storey wood frame complex consisting 2 buildings with elevators. There are only 20 units available to investors.

Stadacona Centre is located in the convenient central and residential Fort St. Area neighbourhood of Victoria. It is literally across the street from the popular Stadacono park and just minutes to downtown, Royal Jubilee Hospital and the Unviersity of Victoria. which is appealing to both tenants and owner occupiers.

$7.6 Million in renovations and upgrades completed between 2013/2014

Upgrades Include:

  • Rainscreened exterior walls with Stucco finish
  • New Windows and Doors
  • New Balconies surfaces and subfloors
  • New Balcony railing (Glass and Aluminum
  • Completely new Courtyard and Landscaping
  • New lobby finishing
  • and much more

All suites are equipped with 3 full sized appliances and a large balcony or patio. Many Suite have wood burning fireplaces

Amenities Include:

  • Convenient Commercial Level
  • Inviting Social room
  • Indoor Swimming Pool
  • Large Indoor Hot Tub
  • Indoor Exercise Room
  • Beautifully Landscaped Outdoor Courtyard
  • Common Laundry

According to CMHC Spring 2015 Rental Market Report, Victoria’s vacancy rate at 1.2%  is 1/2 of 2014’s vacancy rate of 2.4%. In the Fort St area the vacancy rates were even lower at 0.7% (CMHC’s Fall Rental market report for Victoria – published only once/year in the late fall of each year).

Rental demand is high and according to the CMHC spring the average 2 bedroom rents for Victoria are around $1,150/month. This statistics includes old and newer properties.

Demand for rental is expected to grow In Victoria and Stadacona is perfectly positioned for cash flow and appreciation.

Get in touch

Have questions about this property? All of the condos have now sold, but I would love to discuss other opportunities and discover how they fit into your real estate investment strategy.

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