June 2017 – Investment Sales Activity

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ADDRESS/ LEGAL DESCRIPTIONASSET TYPEPURCHASERVENDORSALES DATESALE PRICELOT SIZEPRICE/SF LANDBUILDING SIZE (if applicable)PRICE/SF BUILDINGFSRPRICE/BUILDABLE (If applicable)PRICE/UNIT (if applicable)CAP RATENET INCOME (if applicable)BROKERAGEADDITIONAL COMMENTSLocationASSET TYPEMARKET SHARE Y/N
533 FISGARD STVACANT IC&IWAYPOINT HOLDINGS LTD.LUM SAM LEE CHONG DEVELOPMENT INC.6/1/2017$855,000 11,410 ?Bean Around The World currently operating in ground floor space.Victoria, City ofRetailY
1004 NORTH PARK STOFFICE BUILDING (PRIMARY USE)VICTORIA SOCIAL INNOVATION CENTRE SOCIETYMULTIPLE SCLEROSIS SOCIETY OF CANADA6/5/2017$2,600,000 14,000$185.7114,702 $176.85MS Society sold building.Victoria, City ofOfficeY
1410 BROAD STSTORE(S) AND LIVING QUARTERS1410 BROAD STREET HOLDINGS LTD. HATLEY, BRIDGETTE ADELE 6/6/2017$1,970,000 3,389$581.295,393$365.29CBREToy Museum currently opperating on the ground floor.Victoria, City ofRetailY
9814 FOURTH STSTORE(S) AND SERVICE COMMERCIAL1120982 B.C. LTD.CHOO, TIM6/6/2017$710,000 6,000$118.33Sidney, Town ofRetailY
941 VIEW STSTORAGE & WAREHOUSING (CLOSED)1121447 B.C. LTD.1109614 B.C. LTD.6/7/2017$1,475,000 7,248$203.504,200$351.195$40.70Property sold in April 2017 for $1,200,000. M. Griffin Ltd. Building beside robins surface parking lot on the corner of View and Vancouver.Victoria, City ofLandY
713 ST. PATRICK STSTORE(S) AND SERVICE COMMERCIALADSN HOLDINGS LTDKJ CASEY'S MARKET (2014) LTD.6/7/2017$1,100,0005,550$198.202,069$531.664.70%$51,750 Pemberton HolmesC-2 Zoning.Oak Bay, District ofRetailY
006-807-488
284 BELMONT RDMULTI-FAMILY (VACANT)1119357 B.C. LTD.STRATFORD BUSINESS GROUP LTD.6/13/2017$900,000 43,560$20.661.2$17.22$18,750 CBREComprehensive Development 10 (CD10) Zone. Max FSR 1.2Colwood, City ofLandY
1925 STANLEY AVEMULTI-FAMILY (CONVERSION) MOHSENI-KHALESI, MOHAMMAD NOLLA, KATHARINA APPOLLONIA6/14/2017$950,000 6,480$146.603,841$247.33$237,500 DFHLegal non-conforming multifamily conversion. 4 suites and 3 additional housekeeping rooms. Built in 1912Victoria, City ofMultifamilyY
2200 OAK BAY AVESTORE(S) AND SERVICE COMMERCIALSONRIA HOLDINGS LTD.WIENDIECK, GERHILD EMMA KLARA6/15/2017$4,267,500 14,444$295.45Oak Bay Pharmasave currently operating in building.Oak Bay, District ofRetailY
1028 INVERNESS RDMULTI-FAMILY (APARTMENT BLOCK)VANCOUVER PUBLIC EDUCATION ALLIANCE CORP.NATHOO, KARIM AKBERALI6/15/2017$3,335,000 14,880$224.13$256,538.46 CBRE13 suites. Thornwood ManorSaanich, District of(SD 61)MultifamilyY
604 WILSON STMULTI-FAMILY (APARTMENT BLOCK)JERRETT, WADE NELSONZIGAY, JEFFREY JOSEPH6/15/2017$880,000 3,000$293.333,750$234.67$176,000 5 units. 3- 2 bedrooms, 2- 1 bedrooms. Gross income of $57,000 per year with a cap rate just under 5%. R1-B Zoned single family dwelling. Victoria, City ofMultifamilyY
823 ESQUIMALT RDMULTI-FAMILY (APARTMENT BLOCK)RANDHAWA, GURPREET KAURHUNTER, PETER MARCUS6/15/2017$800,000 7,200$111.11$200,000 One Percent Realty4-plex. All 1 bedroom suitesTownship of EsquimaltMultifamilyY
2713 QUADRA STSTORE(S) AND SERVICE COMMERCIALEIGHT DIAMOND HOLDINGS LTD.LIM, DON6/16/2017$1,200,000 8,100$148.157,400$162.16Cushman & WakefieldC1-QZ zoningVictoria, City ofRetailY
1419 FORT STMULTI-FAMILY (CONVERSION)RAMIREZ, MARCO ANTONIO CALDERONPILCH, GUY STEPHEN SUTHERLAND6/20/2017$1,895,000 7,440$254.704,488$422.24$315,833.33 3.20%Newport Realty6 plex. 1-2bed Suite, 4-1 Bed Suites & 1 bachelor, w Storage, Shared Laundry & Parking. Cap RateVictoria, City ofMultifamilyY
575 VANCOUVER STMULTI-FAMILY (APARTMENT BLOCK)HWP 575 VANCOUVER STREET LTD.BROSS HOLDINGS INC.6/20/2017$3,175,000 10,820$293.44$198,437.50 Avison16 unitsVictoria, City ofMultifamilyY
3 FAN TAN ALLEYOFFICE BUILDING (PRIMARY USE)SALIENT (3 FAN TAN) HOLDINGS LTD.0834967 B.C. LTD.6/23/2017$2,845,000 4,832$588.7810,471$271.706.00%Cushman & Wakefieldapprox. 25% vacant at time of sale. Building size from old MLS listing.Victoria, City ofOfficeY
4087 QUADRA STSTORE(S) AND SERVICE COMMERCIALAD LIB HOLDINGS LTD.WEEKLEY, BRIAN LEIGH6/15/2017$590,000 6,796$86.822,140$275.70Building area from BC Assessment.Saanich, District of(SD 61)RetailY
727 FISGARD STOFFICE BUILDING (PRIMARY USE)TNC 727 FISGARD LTD.VICTORIA PLACE PROPERTY DEVELOPMENT LTD.6/23/2017$13,519,000 18,050$748.9847,645$283.746.61%cap rate based on actual income.Victoria, City ofOfficeY
460, 464, 468, 470, 472 Head, 912,918, 922, 920 Lyall, 509 and 515 GoreTENFOLD PROJECTS INC.WEST BAY INVESTMENTS LTD./ TRIANGLE ESTATES LTD.6/30/2017$6,900,000 50,281$137.231.25$109.78$81,176.47 Colliers InternationalResidential development. Being re-zoned from RS-1/ RD-2/ C-7 to Comprehensive Development Zone CD with FSR of 1.25. 6 storey, 85 condo units with 10,000 SF of commercial spaceTownship of EsquimaltLandY
3000 TILLICUM RDSTORE(S) AND LIVING QUARTERSVANCOUVER ISLAND LINEN SUPPLY LTD.LIN, NENG QIANG6/30/2017$650,000 6,132$106.002,500$260.00C1 zoned. Commercial ground floor with 5 bedroom suite on upper level.Saanich, District of(SD 61)RetailY
1782 STELLY'S CROSS RDSTORE(S) AND LIVING QUARTERS1123219 B.C. LTD.1010512 B.C. LTD.6/30/2017$1,250,000 18,730$66.746,208$201.355.69%vet hospitalCentral Saanich, District ofRetailY
2995 JUTLAND RDOFFICE BUILDING (PRIMARY USE)JUTLAND ROAD (NOMINEE) INC.COLUMBUS REAL ESTATE INC.6/30/2017$51,376,000 75,673$678.92Colliers InternationalVictoria, City ofOfficeY
1015 KINGS RDMULTI-FAMILY (MINIMAL COMMERCIAL)ETERNITY ONE MANAGEMENT LTD.ABELLAN, ALEJO6/30/2017$2,900,000 12,943$224.0613,707$211.575.28%$153,039 CBRE2 Ground floor retail spaces with 14 residential suites above. 19 stalls of parking. C1-QV zoneVictoria, City ofMultifamilyY
6557 CLAIRVIEW RDMULTI-FAMILY (VACANT) RITTALER, LORI ANN 1031114 B.C. LTD.6/30/2017$575,000 15,246$37.71$143,750 RM1 zoned- Low Density Multifamily. Max density: 30 units/ha. 4 unitsSooke, District ofLandY
2251 BELMONT AVEMULTI-FAMILY (CONVERSION) MOSHER, ANNE YKIE DAVIS, COLIN REYNARD 6/30/2017$950,000 6,364$149.283,102$306.25$237,500 Newport RealtyConverted heritage house to 4-plex.Victoria, City ofMultifamilyY
1325 FORT STMULTI-FAMILY (APARTMENT BLOCK)FAIRFIELD LIVING LTD. KELLEY, JOHN FRANKLIN 6/30/2017$1,645,000 10,779$152.61Victoria, City ofMultifamilyY