Wark House is a 33-suite three-storey apartment building located on a beautiful tree-lined street in the Quadra-Hillside neighbourhood of Victoria. Constructed in 1971 on a 200’ x 133.45’ (26,690 SF) R3-2 zoned lot, the building’s suite mix comprises 8 studios, 20 one-bedrooms and 5 two-bedrooms.
The building offers surface parking (24 stalls), leased washer/dryer (2 sets) and tenant storage. Various upgrades have been completed over the years, including hot water tanks and window replacement.
Also for sale by the Seller is the 30-suite apartment building at 519 Sturdee Street in Esquimalt, which can be purchased separately, or with Wark House. Click here to see information about Sturdee Apartments >>
Wark House is located mid-block on the east side of Wark Street between Bay Street and Kings Road at the fringe of Downtown Victoria, where the neighbourhoods of North Park and Quadra-Hillside meet. Its immediate adjacency to the Downtown area provides convenient access to and from the core, while also maintaining its quaint neighbourhood charm. The Quadra-Hillside community is bounded by three high-volume traffic routes – Bay Street to the north, Cook Street to the east, and Blanshard Street (Highway 17) to the west – and is characterized by a wide-variety of low-rise housing and tree-lined streets.
The commercial centre is known as Quadra Village, anchored by Fairway Markets and many eclectic shops and restaurants all within an easy walking. Wark Street runs parallel to Quadra and Blanshard Streets and is a quiet, low-traffic tree-lined street. There is a well-appointed playground close by, and the Crystal Pool and Fitness Centre is also two blocks away. Closer to the north end of Downtown, the Save On Foods Memorial Arena, and the Downtown core itself are likewise an easy walk from Wark House. The location also scores well for transit service – there are 11 routes nearby – with multiple routes available on Bay Street, Quadra Street and Blanshard Street.
|No. units||Size range||Average rent|
|Studio||No. units8||Size range∼305 – 437 SF|
|One Bedroom||No. units20||Size range∼447 – 581 SF|
|Two Bedroom||No. units5||Size range∼655 – 659 SF|
|Income and expenses|
Net operating income
Net operating income$259,494
The Vendor prefers that Offers to Purchase are submitted on the Seller’s preferred form of contract. Contact listing agents for more details.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.