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Heron’s Landing 2 Multifamily Properties in Victoria, BC
INVESTMENT HIGHLIGHTS
- Shadow anchored to Tillicum Shopping Center
- Professional third party management
- Provincially designated Transit Oriented Area (TOA)
EXECUTIVE SUMMARY
CBRE Limited is pleased to present for sale 3185 Tillicum Road and 275 Burnside Road West in Saanich, BC. These two modern and energy efficient multi-family buildings were constructed in 2013 to an exceptionally high standard. With 104 residential units plus a 2,540 SF commercial space the offering represents a ‘like new’ investment opportunity priced well below what it would cost to construct today. Situated in a region identified as a growth opportunity by Saanich and a provincial transitoriented area (TOA), investors will benefit from rental rates that still possess a 23.6% spread to current market rates in an area that has significant room for rental growth.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 86,751 SF |
| Number of Properties | 2 | Total Land Area | 1.08 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 86,751 SF |
| Total Land Area | 1.08 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Herons Landing
3185 Tillicum Rd, Victoria, BC V9A 0C7 |
Multifamily | 46,338 SF | 2013 | - |
|
The Ardea Apartments
275 Burnside Rd W, Victoria, BC V9A 1C6 |
Multifamily | 40,413 SF | 2023 | - |
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Heron’s Landing
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