493 Burnside Road East
$7,750,000
493 Burnside Road East, Victoria, BC | Saanich
Property Overview
Units: 30
Stories: 3
Year Built: 1972
Lot Size: 22,963 Sq.Ft. *
Zoning: M2 Zone - Light Industrial District
Property Type: Mixed-Use
Square footage is approximate.
Devon Properties is pleased to present a unique opportunity to acquire a 100% interest in Midtown Mews – a prominently located mixed-use multifamily investment offering situated in Victoria’s thriving Burnside neighbourhood. Comprised of 24 residential units and 6 ground-floor commercial retail units, the property benefits from a history of stable rental income. Strategically positioned off Burnside Road East and Finlayson Street, Midtown Mews enjoys strong exposure and connectivity between the Saanich Core and Downtown Victoria. Renovated in 2010, a majority of suites feature in-suite laundry. Spanning three storeys, the building offers a favourable mix of bachelor, one- and two- bedroom units appealing to a diverse and stable tenant base. With strong in-place income and clear potential for future rental growth, Midtown Mews presents a rare opportunity to acquire a stable, income-producing asset.
Unit Breakdown
- 5 Bachelors
- 11 One Bedrooms
- 8 Two Bedrooms
Building Amenities & Benefits
- Professionally managed by Devon Properties for the same ownership since 2010
- Residential units separately metered with electric baseboard heating
- Location, Location, Location – centrally located off main thoroughfares Burnside Road East and Finlayson Street
- Majority of units feature in-suite laundry, with select units equipped with laundry hookup
- Comprehensively renovated in 2010, including the interior, exterior, suites, and mechanical room
Amenities Map
Dave Craig
MANAGING bROKER
Since expanding Devon Properties’ brokerage services, Dave has successfully represented numerous clients in the sale of multi-family apartment buildings, achieving a total sales volume exceeding $240 million since 2019. His diverse network and extensive 25-year background in commercial banking, real estate development, property management, and commercial sales and leasing solidify his reputation as a trusted and reliable multi-family sales representative in the industry.