No photos available
Investment signal

$1,600,000

2329 Dowler Pl

Beds

7

Baths

5

Sqft

Year

1910

About this home

Welcome to 2329 Dowler Place, a rare offering in the heart of Victoria featuring 6 self-contained suites with a total finished area of 4,422 sq. ft. Situated on a well-maintained property, this multi-family building combines strong rental income potential with a highly desirable location close to parks, shopping, transit, and downtown amenities. The main floor offers two units, including a bright 3-bedroom residence with generous living spaces, dining area, and private deck. The upper level features three additional self-contained bachelor suites, each thoughtfully designed with open-concept layouts. The lower level offers a large 3-bedroom suite with its own kitchen, living room, and laundry, ensuring comfortable long-term tenancy. Plus a separate detached 1-bedroom suite. With 6 individual units ranging from 1 to 3 bedrooms, this property provides flexibility for a diverse tenant mix. The building offers ample natural light, efficient layouts, and multiple outdoor areas, including decks and an enclosed balcony. Updated systems and well-planned common areas add to the appeal. Whether you’re an investor seeking steady cash flow, a buyer looking for multi-generational living options, or someone wanting to add a prime property to their portfolio, this property delivers exceptional value in one of Victoria’s most accessible neighborhoods. (id:65958)

Subtype
Single Family
Architectural style
Character
Lot size
7,055 square feet
MLS#
1020555
Area
VICTORIA
Negative cash flow ~$3,066/mo at these assumptions

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.7

Break-even rent

$11,227

Financing

Down payment$320,000
Loan amount$1,280,000
Mortgage$7,853/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733
Insurance$80
Maintenance$1,333
CapEx reserve$667
Vacancy loss$400

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,853/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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