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WHAT'S HAPPENING ON CITIFIED VICTORIA
I don't know if the rejected tea-room had anything to do with it but Dashwood Manor is up for sale. It's all yours for $2,850,000.
Dashwoor Manor
Started by
gumgum
, Mar 13 2007 09:34 AM
23 replies to this topic
#21
Holden West
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- Member
- 9,058 posts
Va va voom!
Posted 19 June 2007 - 08:00 PM
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009
-City of Victoria website, 2009
#22
gumgum
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- Member
- 7,069 posts
#23
Holden West
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- Member
- 9,058 posts
Va va voom!
Posted 30 October 2011 - 09:52 AM
I knew I shouldn't have bought it back then.
"Beaver, ahoy!""The bridge is like a magnet, attracting both pedestrians and over 30,000 vehicles daily who enjoy the views of Victoria's harbour. The skyline may change, but "Big Blue" as some call it, will always be there."
-City of Victoria website, 2009
-City of Victoria website, 2009
#24
Bob Fugger
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- Member
- 3,190 posts
Chief Factor
- LocationSouth Central CSV
Posted 30 October 2011 - 10:54 AM
Even if you convert it back to apartments (which I doubt the City would let you do) or manage to squeeze an average $2,000 per suite per month in vacation revenue (assuming 10 nights at $200 per night) and use gross income instead of net, the cap rate is barely 1% in the most generous of scenarios. No one in their right mind should buy this place at this price.
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