Featured Listings

121 Menzies St
Vi James Bay Victoria V8V 2G4

$3,400,000
Commercial Sale built: 1907

Main Photo: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 1: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
917652
Year Built:
1907
Outstanding 12 unit heritage conversion for sale in the heart of James Bay. The ‘Sims Residence” was built in 1907. It was lifted in 1991, and extensively renovated in the mid 1990’s, this is a solid revenue generating asset. From the overbuilt foundation, fire-guard drywall throughout, offset baffled walls between units (noise reduction), sprinkler system, and high quality storm-rated shingles, this is a building with solid bones and fantastic potential. Located across the street from James Bay Thrifty’s, this is the hub of the community and the heart of the old city. Coin-op Laundry, bike storage, and opportunity for additional storage revenue, there is a lot of opportunity here. Detached garden suite w/ loft could make a fantastic owner-occupied space. R-2, two family zoning, this is probably the highest-and-best use you will find for a registered heritage home in Victoria. Own a piece of history, and create some of your own for future generations.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1907 (Age: 115)
Lease Type:
Sale of Assets, See Remarks
Listing General Location:
Vi James Bay, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Details:
60x82.6
Building Features:
Bike Storage, Fire Sprinklers, Laundry Room, Shopping Centre, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
Construction:
Wood
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Floor finish:
Carpet, Laminate, Mixed, Tile
Total Building Area:
3,324 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Hot Water, Radiant Floor, Mixed
Fireplace:
No
Fenced, Fencing: Full, Low Maintenance Yard
City
Best to Park at Thrifty Foods and cross the street.
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Victoria
Occupancy:
Partially Occupied
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Connected, Recycling
Lot Site Features:
Central Location, Curb & Gutter, Family-Oriented Neighbourhood, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Parking Spaces:
2
Business Type:
Accommodation
Date Listed:
Oct 24, 2022
Original Price:
3400000.0
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Virtual Tour

Listed by Vincent Baart and Jocelyn Cseff of RE/MAX Camosun
Data was last updated November 26, 2022 at 12:05 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$398,000
Min list price:
$35,000
Max list price:
$13,200,000
Avg days on market:
61
Min days on market:
2
Max days on market:
368
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
MIKE THOMPSON
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.