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Investment Highlights

  • Wellington Manor offers stable in-place income with clear potential to increase rents over time in line with prevailing market trends.
  • Eighteen suites have been renovated or upgraded since 2019, reducing near-term capital requirements for a new owner.
  • The exterior renovations deliver a modern, mid-century aesthetic that enhances curb appeal and distinguishes the asset along Fort Street.
  • The property consists of a well-balanced unit mix of 23 one-bedroom and 13 two-bedroom suites, appealing to a broad tenant base.
  • The building is located in the sought-after Jubilee neighbourhood, steps from major medical facilities, retail amenities, and transit.
  • Zoning under R3-2 (Multiple Dwelling District) and an Urban Residential OCP designation support long-term multifamily use and value retention.

Executive Summary

Wellington Manor is a four-storey, wood-frame, low-rise apartment building comprising 36 suites and situated on an approximately 30,797-square-foot lot at 1670 Fort Street in Victoria, British Columbia. Located in the highly desirable Jubilee neighbourhood, the property is surrounded by extensive amenities, including the Royal Jubilee Hospital, medical offices, schools, and grocery-anchored retail plazas, while also being just minutes from Victoria’s downtown core. Built in 1965, the building features a concrete foundation, Fort Street access and egress, and a gross building area of approximately 30,797 square feet. The exterior has been thoughtfully updated with a vibrant mid-century modern aesthetic, incorporating accent panels and modernized address signage that create a strong street presence. The suite mix includes twenty-three one-bedroom units and thirteen two-bedroom units, with 18 units renovated or upgraded since 2019. Additional features include common laundry facilities, extensive tenant storage options totaling 36 lockers, hot water baseboard heating via a gas boiler, and a 600-amp electrical service with 60 amps to each unit. With stable in-place income and future rental upside potential, Wellington Manor represents a compelling investment opportunity within Victoria’s resilient multifamily market.

Property Facts

Price $9,200,000 CAD
Price Per Unit $255,556 CAD
Sale Type Investment
No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.60 AC
Building Size 30,797 SF
No. Stories 4
Year Built/Renovated 1965/2019
Parking Ratio 1.1/1,000 SF
Zoning R3-2: Multiple Dwelling - R3-2: Multiple Dwelling District

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 23 - 650
2+1 13 - 750
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
  • Listing ID: 40079357

  • Date on Market: 2026-04-08

  • Last Updated:

  • Address: 1670 Fort St, Victoria, BC V8R 1H9

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