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370 Richmond Ave
Vi Fairfield East Victoria V8S 3Y1

$2,290,000
Residential beds: 6 baths: 6.0 4,019 sq. ft. built: 1947

Main Photo: 370 Richmond Ave in Victoria: Vi Fairfield East Quadruplex for sale : MLS®# 996886
Photo 1: 370 Richmond Ave in Victoria: Vi Fairfield East Quadruplex for sale : MLS®# 996886
Photo 2: 370 Richmond Ave in Victoria: Vi Fairfield East Quadruplex for sale : MLS®# 996886
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Status:
Active
Prop. Type:
Residential
MLS® Num:
996886
Bedrooms:
6
Bathrooms:
6
Year Built:
1947
Fantastic Fairfield investment property! This purpose built, art deco apartment building is comprised of six spacious one-bedroom suites, three storage / garage units, three parking spaces, bike storage and coin laundry. All six sunny suites have been treated to flooring, paint, appliance and bathroom updates, plus window replacement. With lots of windows, coved ceilings and other original features, the building exudes abundant charm. All suites are rented month to month, and storage units are on three separate leases as well, with one expected to become vacant for May 1st. Well maintained and easy to care for, with great tenants, this apartment block is an excellent opportunity to own in a desirable Victoria location, close to all amenities, transit and the beach! Netting over $92K / year with lots of upgrades complete, this is a solid investment in a forever sought after location. Have your agent get in touch for more details.
Property Type:
Residential
Type:
Quadruplex
Year built:
1947 (Age: 78)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
4,019 sq. ft.
Listing General Location:
Vi Fairfield East, Victoria
Bedrooms:
6
Bathrooms:
6.0 (Full:-/Half:-)
Lot Size:
5,600 sq. ft.
Kitchens:
6
Home Style:
Art Deco
Taxes:
Building Features:
Bike Storage, Fire Alarm, Transit Nearby, See Remarks
Construction:
Stucco
New Construction:
No
Basement:
Partial
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Torch On
Ceiling Heights:
Floor finish:
Laminate, Linoleum
Total Building Area:
4,274 sq. ft.
Total Unfinished Area:
255 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
6
# Main Level Bedrooms:
2
# Second Level Bedrooms:
2
# Third Level Bedrooms:
2
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
2
# Third Level Bathrooms:
2
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
2
# Third Level Kitchens:
2
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
1,187 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,416 sq. ft.
Living Area 3rd Floor:
1,416 sq. ft.
Fireplaces:
0
Laundry Features:
Common Area
Water supply:
Municipal
Sewer:
Sewer To Lot
Additional Accommodations:
Exists
Cooling:
Other
Heating:
Baseboard, Electric, Heat Pump
Fireplace:
No
Pending Date:
Vinyl Frames
Fencing: Partial, Low Maintenance Yard, See Remarks
Corner of Fairfield and Richmond
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
3rd Floor
3rd Floor
3rd Floor
3rd Floor
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
2nd Floor
2nd Floor
3rd Floor
3rd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
6
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Resale
Utilities:
Cable Connected, Compost, Electricity Connected, Garbage, Phone Available, Recycling, See Remarks
Exposure / Faces:
East
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Central Location, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Irrigation Sprinkler(s), Level, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, See Remarks
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
3
Garage:
Yes
Parking Features:
Driveway, Garage Triple, On Street
Total Parking Spaces:
3
Road Surface Type:
Paved
Rent Includes:
Hot Water
Total Units:
Date Listed:
Apr 28, 2025
Original Price:
2290000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated April 30, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$1,530,000
Min list price:
$519,900
Max list price:
$4,385,000
Avg days on market:
36
Min days on market:
2
Max days on market:
404
Avg price per sq.ft.:
$725.83
These statistics are generated based on the current listing's property type and located in Vi Fairfield East. Average values are derived using median calculations.

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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.