Lynmour Apartments
1767 Coronation Avenue, Victoria
SOLD $2,710,000
Overview
Lynmour Apartments is a 15-suite three-storey apartment building located in the Jubilee neighbourhood of Victoria, BC, just steps to Royal Jubilee Hospital and adjacent to Downtown and Oak Bay.
Built in 1951 on a 11,597 SF lot, the building’s suite mix comprises 9 bachelors and 6 one-bedrooms.
The building offers surface parking (approx. 10 stalls), 1 leased washer/dryer set and tenant storage lockers for each unit.
Location
The property is exceptionally well located adjacent to Downtown and Oak Bay in Victoria’s Jubilee neighbourhood. It is situated on the southwest corner of Coronation Avenue and Richmond Road on a quiet, low‐traffic tree‐lined street.
The Jubilee community is bounded by four high‐volume traffic routes – Oak Bay Avenue to the south, Bay Street to the north, Richmond Road to the east, and Shelbourne Street to the west. Tenants enjoy easy access to transit service with multiple routes available on Richmond Road, Fort Street and Shelbourne Street.
The commercial centre is in close proximity off Fort Street, anchored by Save‐On‐Foods with many shops, restaurants and amenities all within easy walking distance. Oak Bay Recreation Centre is only a few blocks away.
The surrounding area earns a WalkScore of 80, and is described as “very walkable”, so most errands can be accomplished on foot.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
Bachelor | No. units9 | Average rent$883 | |
1 Bedroom | No. units6 | Average rent$1,049 |
Financials
Financing | Treat as clear title | |
---|---|---|
Assessment 2024 | Land Building Total | Land$2,377,000 Building$262,000 Total$2,639,000 |
Taxes 2023 | $11,983 | |
Income and expenses | Effective gross Operating expenses Net operating income | Effective gross$173,129 Operating expenses($54,718) Net operating income$118,411 |
Notes | For additional information, please contact listing agent. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3