Camelot Apartments
Saanich, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1965
- Building size (SF) 23,472
- Size (Ac) 0.87
- Price $12,250,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to
market for sale Camelot Apartments, located at 3820 Shelbourne Street in Saanich, BC. Camelot Apartments is an institutionally owned and managed extensively renovated 32-unit rental apartment building in Saanich, BC.
Highlights
Situated in proximity to the University of Victoria
Held in a bare trust (opportunity for significant
property transfer tax savings)
Approximately $1,700,000 spent in capital
upgrades since 2017
Brand new roof (2021) and new boiler system
(2022)
Majority of residential suites extensively
renovated
Bus stop steps away - access to the 14, 27, and
28 bus lines
Additional revenue potential from parking and
storage
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