Treanor Terrace
- Purpose-built, six-storey, ninety-five (95) unit market rental building constructed in 2021 by Ironclad Developments - one of BC’s most reputable multi-family developers
- Desirable suite mix of studios, one-, two-, and three-bedroom units, all featuring air conditioning, in-suite laundry, and modern high-end finishes throughout
- Stabilized asset with a proven four-year operating history, minimal vacancies, and strong in-place rents
- Assumable CMHC-insured debt of $33,250,440 at a below-market interest rate of 3.25%
- Held in a bare trust, offering the purchaser the opportunity to save on property transfer tax
- Ideally situated steps from Costco, Millstream Village Shopping Centre, and the Trans-Canada Highway
Property Description
The Avison Young Multi-Family Team is pleased to present Treanor Terrace, a premier multi-family investment opportunity located at 711 Treanor Avenue, Langford, BC (the “Property”). Constructed in 2021, Treanor Terrace is strategically positioned along a primary arterial corridor in central Langford, providing residents with seamless access to retail, grocery, and lifestyle amenities throughout Langford and the Greater Victoria region. The Property sits on a substantial 62,646 square foot lot and offers a well-diversified suite mix of studio, one, two, and three-bedroom residential units, alongside one ground-floor commercial unit. Premium amenities include a fitness centre, games room, dog wash station, underground parking, and in-suite air conditioning. Held in a bare trust, the Property provides the prospective purchaser with an opportunity to save on property transfer tax (PTT) through a share sale purchase. Treanor Terrace represents an exceptional opportunity to acquire a purpose-built, recently constructed rental asset underpinned by stable operating history in a dynamic Vancouver Island market.
Broker Details
Avison Young 604-647-1352
Broker Details
Avison Young +1 604 647 5089
Broker Details
Avison Young +1 604 260 1873
Broker Details
Avison Young 604-646-8389
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 95 |
| Lot Size: | 62.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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