$5,975,000

1249 Rockland Ave
MLS® NO: 1050878

Description

The Laurels offers a rare opportunity to acquire one of Rockland’s distinctive landmark properties, a 16-suite heritage apartment building on an approximately 32,746 sq. ft. corner site. Built circa 1889–90 as a residence for Robert and Mary Ward, the Queen Anne mansion later served as two schools before being converted to apartments. The property includes five bachelor, seven one-bedroom and four two-bedroom suites, with shared laundry, storage and on-site parking. High ceilings, decorative millwork and a grand central staircase preserve much of the home’s original character. The expansive lawn fronting Rockland Avenue also offers potential future upside, with a subdivision application submitted exploring one or two smaller building lots while retaining The Laurels and substantial parking. Historically enjoying near-full occupancy, this is a unique opportunity to own an income-producing Rockland landmark with stable rental demand, long-term upside and an unbeatable location.

General

Total SqFt: 14797
Taxes: $24,705

Lot Information

SqFt: 32756
Acres: 0.75
Parking: 25

Property Details

Building Type:
Municipality: Victoria
Sq. Feet: 32,756

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Listed with:

Kane Ryan - Pemberton Holmes Ltd.
Phone: 250-986-8900

Clive Townley - Pemberton Holmes Ltd.

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.