$1,580,000
2920 Shakespeare St
Beds
7
Baths
4
Sqft
—
Year
1969
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Victoria. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Nestled in a quiet pocket of Oaklands just two blocks from Hillside Mall, this meticulously maintained LEGAL 4-plex is a rare opportunity to secure a strong, income-producing investment. Originally built in the 1920s, the home was moved to its current location and converted to a 4-plex with permits in 1989. Set on a private 13,000+ sq ft panhandle lot, the property offers three bright 2-bedroom suites and one spacious 1-bedroom + den, each with separate entrances, individual meters, hot water tanks, and outdoor space. Character details include 10-foot ceilings and loft-style bedrooms in the upper units, while the garden suites provide generous layouts filled with natural light. Practical features include 300-amp service, common laundry, updated windows, and a double garage (one side converted to storage). With direct transit to UVIC, Camosun, and downtown, this property offers both immediate rental income and excellent long-term holding value. This property is fully tenanted with a showing schedule, and a minimum of 24 hours is required for viewings. (id:65958)
- Subtype
- Single Family
- Structure
- Fourplex
- Community
- Oaklands
- Common interest
- Freehold
- Living area
- 3,704 square feet
- Lot size
- 13,035 square feet
- Lot dimensions
- 13035
- Parking
- 2 total
- On market
- Apr 16, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $8,461.28
- Zoning
- Residential
- Photos
- 60
- MLS#
- 1031665
- Area
- VICTORIA
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,667
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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
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.