DEAL | A newly renovated four-unit apartment building, centrally located at 519 Constance Ave., Victoria, sold Jan. 7 for $1.93 million. Braye-Dean Investments Ltd. paid $482,500 per unit for the property, which holds RM-1 zoning adjacent to CFB Esquimalt. This was well below the asking price of $524,750, and represented a cap rate of 5.33%.
PRICE | $1,930,000
FROM | Matt Pettinger, Avison Young
