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For Sale

 Pacific Central

  • $5,890,000

Salient Details

  • Units 16
  • Suite Mix 3-1 Bedroom + Den, 12-2 Bedroom, 1-Commercial
  • Lot Size 8,036 sf (80’ x 100’)
  • Net Rentable sf 11,682 sf
  • Year Built 2014
  • Net Income $247,292
  • Cap Rate 4.20%

 Pacific Central

Opportunity to acquire a 2014-built mixed-use apartment building in the core of Downtown Langford, located within walking distance of major amenities and employment nodes, offering strong in-place income with future rental growth potential.
2835 Peatt Road - Brochure
Download the Brochure
McEvay Blair Multifamily Group -  Pacific Central - 22 2835 Peatte Road Marcus Millichap Coastline Photography 100

Investment Highlights

Turnkey, Newer-Vintage Asset with Stable Cash Flow
Built in 2014, this well-maintained property offers immediate income stability with minimal near-term capital requirements. Durable construction includes a concrete foundation, Hardie board and manufactured stone veneer exterior, and asphalt-shingle pitched roofing.
Highly Desirable Rental Product with Strong Tenant Appeal
Spacious suites feature in-suite laundry, dishwashers, quartz countertops, stainless steel appliances, wood cabinetry, luxury vinyl plank flooring, and full 4-piece bathrooms. The attractive suite mix is complemented by 16 covered parking stalls and a large bike storage room.
Property Transfer Tax savings and Long-Term Upside
Tenants pay their own utilities through electric baseboard heating and individual hot water tanks, supporting operating efficiency. Combined with strong long-term rental growth potential and Property Transfer Tax savings available through a share purchase transaction, the asset offers compelling investment upside.

Gallery

Contact us

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick