The Stanley 340 Linden Ave 16 Unit Apartment Building $6,400,000 CAD ($400,000 CAD/Unit) 4.49% Cap Rate Victoria, BC V8V 4E9

CBRE presents a rare opportunity to acquire a fully renovated 16-suite multifamily asset in one of Victoria’s most sought-after residential enclaves. Located at 340 Linden Avenue, just steps from the vibrant Cook Street Village, this character conversion—known as The Stanley—offers a blend of heritage charm and modern functionality. The building underwent a comprehensive renovation in 2017, transforming it into a low-maintenance, high-performing investment with no near-term capital expenditure requirements.
Each suite features quartz countertops, soft-close cabinetry, stainless steel appliances, in-suite laundry, and vinyl wide-plank flooring. All units are individually metered, with electric baseboard heating paid by tenants, and supported by a 400-amp electrical system and a gas hot water tank installed in 2019. The property includes 16 storage lockers, secure bike storage, and thoughtfully landscaped grounds designed for minimal upkeep.
Strategically positioned in the Fairfield neighbourhood, residents enjoy immediate access to Beacon Hill Park, Dallas Road Beach, and a rich mix of local amenities including cafés, restaurants, fitness studios, and boutique retailers. With a current population of over 17,000 within a 1 km radius and a projected 5.2% growth over five years, the area demonstrates strong rental demand and demographic stability. The average household income of $102,069 and a 57% renter population further reinforce the asset’s long-term appeal.
This turnkey investment offers stable income, premium location, and enduring architectural character—ideal for investors seeking a high-quality multifamily asset in Victoria’s urban core.