Capital Apartment Buildings for Sale

Multifamily in Capital available for sale

Capital Apartment Building for Sale

Multifamily Properties Mobile Homes & RV Parks

More details for 1090 Johnson St, Victoria, BC - Multifamily for Sale

The Mondrian - 1090 Johnson St

Victoria, BC V8V 3P6

Office for Sale
$676,650 - $1,535,950 CAD
1,041 - 2,363 SF
3 Units Available

Kitchen

Victoria Multifamily for Sale

The property is located at 1090 Johnson Street within the Harris Green District of Victoria on the corner of Johnson and Cook Streets. It is situated along major arterial roads providing connectivity into and out of downtown. The area is characterized by active redevelopment, including residential and commercial projects such as Harris Green Village and 1050 Yates, enhancing neighborhood density and services. The unit is part of the Mondrian building and benefits from nearby retail, restaurants, and urban amenities within walking distance.

Contact:

JBW Commerical Inc.

Property Subtype:

Apartment

Date on Market:

2026-06-08

Hide

More details for 250 Gorge Rd W, Saanich, BC - Multifamily for Sale

Saanich - 250 Gorge Rd W

Saanich, BC V9A 1M6

Multifamily for Sale
$10,000,000 CAD
23,052 SF

Saanich Multifamily for Sale

Gorge Terrace presents an exceptional opportunity to acquire a fully rented, income-producing multi-family property prominently located along the established Gorge Road corridor in Saanich, part of Greater Victoria’s thriving rental market. The 36-suite complex, situated on a 34,611 SF lot, comprises a mix of studio, one-, and two-bedroom units with an average size of 640 SF. Current ownership has invested over $490,000 into significant capital improvements, including comprehensive renovations of 16 suites, exterior enhancements, new aluminum balconies, updated common areas, modernized windows, and new signage. Positioned adjacent to the Gorge Shopping Centre and minutes from Uptown Centre, the property benefits from immediate access to transit, key retail amenities, and the scenic Gorge Waterway, which offers walking trails and recreational activities. Long-term upside exists through further unit renovations and potential densification opportunities supported by the property’s RA-3 Apartment Zoning and inclusion in the Primary Growth Area under the Official Community Plan. With a stabilized net operating income of $419,204 and average actual rent of $1,440 per unit, Gorge Terrace offers investors consistent cash flow and value-add potential in one of Vancouver Island’s most resilient rental markets.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-06-08

Hide

More details for 1029 View St, Victoria, BC - Multifamily for Sale

The Jukebox - 1029 View St

Victoria, BC V8V 0C9

Office/Retail for Sale
$438,000 CAD
595 SF
1 Unit Available

24 Hour Access
Smoke Detector

Victoria Multifamily for Sale

Prime ground-floor commercial strata in the heart of Victoria's Harris Green district, located within the modern 2019 Jukebox building. 595 sq ft with one underground parking stall included and a strata fee of $402.60/month. The current tenant runs a well-established fitness business with a lease running to September 2026. The tenant has expressed interest in renewing, reflecting confidence in both the space and the location. Continued stable income with a committed operator in place. For an owner-operator, September 2026 provides a near-term opportunity to take possession and move your business in. The interior features a clean, open-plan layout with an enclosed two-piece washroom, situated in a newer concrete building with professional management. The location sits directly beneath 200+ existing residents and adjacent to Harris Green Village, with 1,500+ new units currently under construction. Contact listing agent for full tenancy details.

Contact:

The Agency Victoria

Property Subtype:

Apartment

Date on Market:

2026-06-07

Hide

More details for 821 Burdett Ave, Victoria, BC - Multifamily for Sale

Chatsworth House - 821 Burdett Ave

Victoria, BC V8W 1B3

Office for Sale
$480,000 CAD
881 SF
1 Unit Available

Air Conditioning

Victoria Multifamily for Sale

Strata Office For Sale - 821 Burdett occupies a rare sweet spot in Victoria's downtown — steps from the CBD's amenities, yet on a quiet, established office corridor. The building sits directly across from the BC Law Courts at 850 Burdett, home to the Provincial, Supreme, and Court of Appeal Courts, making it a natural fit for legal professionals, consultants, and government-adjacent services. Chatsworth House is a 1982-built mixed-use building with offices on the lower floors and residential above. A recent large-scale exterior remediation has been completed, offering peace of mind for the incoming owner. The unit is move-in ready with recently updated finishes and a flexible open floor plan that can be configured to suit a range of practice types. Natural light fills the space, complemented by access to a south-facing stone patio - an uncommon amenity that sets this office apart. A kitchen area and 4-piece bathroom add a level of day-to-day comfort rarely found at this price point. Contact stewart.harney@avisonyoung.com.

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2026-05-15

Hide

More details for 1301 Hillside Av, Victoria, BC - Multifamily for Sale

Sparrow - 1301 Hillside Av

Victoria, BC V8T 3S1

Retail for Sale
$369,000 CAD
649 SF
1 Unit Available

Victoria Multifamily for Sale

Perfectly positioned in a high-visibility location, the property offers unmatched convenience with easy access to downtown Victoria, major transit routes, and a wide range of nearby amenities including Hillside Mall, Fairway Market, Save-On-Foods Memorial Centre, Cascadia Liquor, 5th Street Bar & Grill, and the shops and cafés of Quadra Village.

Contact:

eXp Realty

Property Subtype:

Apartment

Date on Market:

2026-05-15

Hide

More details for 9830-9844 Third St, Sidney, BC - Multifamily for Sale

Cameo - 9830-9844 Third St

Sidney, BC V8L 3A7

Retail for Sale
$1,799,999 CAD
2,238 SF
1 Unit Available

Air Conditioning
24 Hour Access
Kitchen

Sidney Multifamily for Sale

Colliers is proud to present an exceptional opportunity to acquire a fully finished retail/commercial strata unit at 2469 Sidney Avenue, located in the heart of the vibrant Cameo Development by Casman Developments. This newly constructed ground-floor unit offers a premium spa/salon build-out, ideal for an owner-user seeking high-visibility retail or office space in one of Vancouver Island’s most desirable communities. Sidney is a thriving seaside town known for its boutique shopping, walkable streets, and strong local economy—making it the perfect setting for your business to flourish.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2026-05-01

Hide

421 Vancouver St

Victoria, BC V8V 3T4

Multifamily for Sale
$3,495,000 CAD
5,545 SF

Victoria Multifamily for Sale

Located at the highly desirable intersection of Southgate and Vancouver Streets, this meticulously maintained character apartment building stands at the heart of Victoria’s prestigious Fairfield West neighborhood—one of Canada’s most sought-after rental markets. Enjoy immediate proximity to the scenic Dallas Road waterfront, Beacon Hill Park, and the vibrant Cook Street Village, delivering unmatched urban convenience and lifestyle appeal. Comprising 12 fully updated residential units, this income-generating property combines architectural charm with operational efficiency. Eleven suites feature in-unit laundry, and all units are separately metered for heat and hot water. Tenants benefit from a well-landscaped shared yard, garden areas, secure bike storage, and individual storage lockers. With major renovations and ongoing upgrades completed over the last two decades, investors can leverage a true turn-key asset offering a current market-driven CAP of 5.59% and historically low vacancy. Positioned in a GRD-1 Apartment Zone on a level corner lot, this asset represents an exceptional opportunity for long-term income stability and appreciation in a market defined by strong rental demand and tight supply. Whether retained as a stable cash-flowing investment or future redevelopment potential, this property aligns seamlessly with long-term portfolio growth objectives.

Contact:

DFH Real Estate LTD.

Property Subtype:

Apartment

Date on Market:

2026-04-15

Hide

410 Michigan St

Victoria, BC V8V 1R5

Multifamily for Sale
$2,795,000 CAD
4,960 SF

Victoria Multifamily for Sale

410 Michigan Street presents a rare opportunity to acquire a seven-unit walk-up apartment building in Victoria’s highly desirable James Bay neighborhood. This property offers exceptional proximity to the Inner Harbour and James Bay Square, providing residents with convenient access to grocery stores, pharmacies, parks, and public transit. The building consists of two two-bedroom units, four one-bedroom units, and one bachelor suite, all with separate hot water tanks and individually metered hydro. Recent upgrades include double-glazed vinyl windows, enhancing energy efficiency and tenant comfort. The property features a paved rear parking lot with seven surface stalls and an additional covered parking structure. Designated as “Urban Residential” under the City of Victoria’s Official Community Plan, the site offers long-term redevelopment potential for mid-rise, multi-unit buildings up to six storeys with an allowable density of up to 2:1 FSR. This makes 410 Michigan Street an attractive investment for both stable income and future development upside.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2026-04-09

Hide

More details for 1670 Fort St, Victoria, BC - Multifamily for Sale

Wellington Manor - 1670 Fort St

Victoria, BC V8R 1H9

Multifamily for Sale
$9,200,000 CAD
30,797 SF

Air Conditioning
24 Hour Access
Controlled Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

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.

Contact:

JBW Commerical Inc.

Property Subtype:

Apartment

Date on Market:

2026-04-08

Hide

705 Johnson St

Victoria, BC V8W 1M8

Multifamily for Sale
$2,995,000 CAD
17,236 SF

Victoria Multifamily for Sale

CBRE Victoria is pleased to present an exceptional investment opportunity in the heart of downtown Victoria at 705–711 Johnson Street. This distinctive three-storey building comprises two ground-floor retail units and 40 single-occupancy residential rooms above, collectively known as the York Hotel. The property offers strong in-place income, near full occupancy, and the benefit of substantial completed upgrades, resulting in minimal ongoing maintenance for a prospective owner. The building totals approximately 17,236 square feet, with 6,900 square feet on the main floor and 5,168 square feet on both the second and third floors, situated on a 7,284-square-foot site. Built in 1911 and zoned CBD-1 (Central Business District), the property allows for a wide range of flexible commercial and mixed-use opportunities. The two ground-floor retail units measure approximately 2,434 square feet at 705 Johnson Street and 4,370 square feet at 707 Johnson Street. The space at 705 Johnson Street is occupied by Board with Friends, a locally owned and operated board game café, while 707 Johnson Street is currently vacant and was purpose-built for a gym, though it can readily accommodate a variety of alternative uses. Both retail units feature impressive 16-foot ceilings, excellent Johnson Street frontage and exposure, private washrooms, and, in the case of 707 Johnson Street, an additional shower amenity. The upper floors house 40 single-occupancy residential units operating as the York Hotel. Each floor is equipped with shared half and full washrooms, as well as a dedicated laundry room. The residential units are currently rented at below-market rates, providing a clear opportunity for future income growth. The building has been well maintained and includes a concrete foundation, a wood joist roof with an asphalt surface, painted brick exterior, metal doorways, and double-glazed thermo-sealed windows in vinyl frames. Flooring varies throughout the building, with a mix of hardwood, laminate, tile, and carpet depending on the unit, and the electrical system is supported by a 600-amp, three-phase service. Notable building highlights include an upgraded roof completed in 2017, full sprinkler coverage throughout, recent updates to 11 of the single-occupancy units, and a new HVAC and heat pump system serving the commercial space. The property benefits from its central downtown location with excellent exposure along Johnson Street, direct proximity to transit, and an abundance of nearby parking options, including the Johnson Street Parkade. Offered for the first time on the market, this asset presents a compelling opportunity to acquire a well-located, income-producing property with long-term upside in one of Victoria’s most vibrant urban corridors.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2026-03-06

Hide

More details for 493 Burnside Rd, Victoria, BC - Multifamily for Sale

Midtown Mews Apartments - 493 Burnside Rd

Victoria, BC V8T 2X6

Multifamily for Sale
$7,750,000 CAD
27,736 SF

Air Conditioning
Bicycle Storage
24 Hour Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Devon Properties is pleased to present a unique opportunity to acquire a 100% interest in Midtown Mews – a prominently located mixed-use multifamily investment offering situated in Victoria’s thriving Burnside neighbourhood. Comprised of 24 residential units and 6 ground-floor commercial retail units, the property benefits from a history of stable rental income. Strategically positioned off Burnside Road East and Finlayson Street, Midtown Mews enjoys strong exposure and connectivity between the Saanich Core and Downtown Victoria. Renovated in 2010, a majority of suites feature in-suite laundry. Spanning three storeys, the building offers a favourable mix of bachelor, one- and two- bedroom units appealing to a diverse and stable tenant base. With strong in-place income and clear potential for future rental growth, Midtown Mews presents a rare opportunity to acquire a stable, income-producing asset.

Contact:

Devon Properties Ltd.

Property Subtype:

Apartment

Date on Market:

2026-02-19

Hide

2645 Peatt Rd

Langford, BC V9B 3T9

Multifamily for Sale
$3,225,000 CAD
8,147 SF

Langford Multifamily for Sale

Avison Young is pleased to present this rare revenue opportunity in the heart of Langford at 2645 and 2647 Peatt Road, a strategically located fully leased 8-unit rental townhouse complex completed in 2011 and recently renovated (all but two suites). Centrally located on Peatt Road, the property is within walking distance of downtown Langford, a vibrant community bustling with shops and restaurants. Residents in this neighbourhood benefit from it’s close proximity to transit, schools, amenities, and recreational activities. The OCP designates the Property as “Downtown” allowing for 28-30 storeys upon redevelopment. The two-storey walk-up buildings consist of eight (8) two-bedroom, one-bathroom suites ranging in size from 820 to 857 square feet. Each of the suites benefits from the convenience of its own in-suite laundry and exterior access. The property offers a rear surface parking lot comprised of 10 stalls, large storage lockers for residents, and two enclosed garages rented separately. Six of the eight suites have undergone renovations throughout featuring laminate flooring, fresh paint, a new kitchen and bathroom equipped with quality cabinetry finishes, quartz countertops, and new appliances. The building also benefits from a new sprinkler system and the exterior was recently painted along with a refresh of the landscaping

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2026-01-28

Hide

2670 Sooke River Rd

Sooke, BC V9Z 0Y2

Multifamily for Sale
$2,950,000 CAD
1 SF

Sooke Multifamily for Sale

Sherwood Park Estates is an incredible 6.8 acre property running alongside both Sooke River and the Galloping Goose Regional Trail, offering 25 mobile home pads in a rural setting, yet just a five minute drive from downtown Sooke. The property is easily accessed by Sooke River Road, via Highway 14. Investors will benefit from strong rents and stable income as well as significant recent upgrades to services and infrastructure

Contact:

Avison Young - Victoria

Property Subtype:

Mobile Home Park

Date on Market:

2025-12-29

Hide

1831 Oak Bay Av

Victoria, BC V8R 1C3

Retail for Sale
$1,200,000 CAD
1,959 SF
1 Unit Available

Kitchen

Victoria Multifamily for Sale

Avison Young is pleased to present this opportunity to purchase this Oak Bay Avenue strata investment property. With an excellent national covenant tenant in place, this is a unique opportunity on one of Victoria’s most sought-after corridors

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2025-12-03

Hide

More details for 1300 Yates St, Victoria, BC - Multifamily for Sale

Royal Arms Apartments - 1300 Yates St

Victoria, BC V8S 1Z9

Multifamily for Sale
$25,000,000 CAD
55,375 SF

Kitchen

Victoria Multifamily for Sale

Opportunity to purchase this 77-suite, four-storey, wood framed apartment building was constructed in 1966. The suites are heated by electric baseboard with the building serviced by one (1) Montgomery elevator.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-01-21

Hide

More details for 3221 Heatherbell Rd, Colwood, BC - Multifamily for Sale

Pendray House - 3221 Heatherbell Rd

Colwood, BC V9C 1Y8

Multifamily for Sale
$6,950,000 CAD
8,400 SF

Air Conditioning
Waterfront

Colwood Multifamily for Sale

The Property is an exceptionally well-located 3.90-acre waterfront development site, with an existing two-storey commercial heritage building also included in the offering. The heritage building, known as the Pendray House, is presently vacant. The Property features spectacular views over Esquimalt Lagoon, the Strait of Juan de Fuca and beyond to the Olympic Mountain Range.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-10-29

Hide

Legacy Apartment Portfolio

Multifamily for Sale
$45,500,000 CAD
146,910 SF
2 Multifamily Properties

Victoria Portfolio of properties for Sale

Rare investment opportunity to acquire two (2) impeccably maintained properties, totaling 137 units. Both buildings have undergone significant capital upgrades, ensuring their modernization. Current rental rates remain approximately 25%-28% below market value, presenting substantial rental income upside. Situated within the City of Victoria Fernwood neighborhood, just south of Victoria’s downtown business core, these properties are located within an upscale residential community, fostering a secure and tranquil rental lifestyle for tenants. The location offers unparalleled accessibility to downtown amenities, by easy walking distance or conveniently located along a primary transit route on the Yates Street corridor, which runs adjacent to both properties.

Contact:

Colliers

Property Subtype:

Multi Family

Date on Market:

2024-07-24

Hide

More details for 611 Brookside Rd, Colwood, BC - Multifamily for Sale

Latoria Walk - 611 Brookside Rd

Colwood, BC V9C 0C3

Office for Sale
$1,250,000 CAD
2,215 SF
1 Unit Available

Colwood Multifamily for Sale

Fantastic second floor office space in the Latoria Walk neighbourhood. Exceptional natural light from windows overlooking protected green space. This mixed use building has Red Barn Market and IDA Pharmacy on the main floor, four strata office units on the second floor, and residential units on the 3rd and 4th floors. The subject unit has a highly functional layout that can easily be re-used or modified as needed. There is both common and exclusive parking on the property.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-05-16

Hide

595 Pandora Ave

Victoria, BC V8W 1N6

Retail for Sale
$1,798,000 CAD
2,214 SF
1 Unit Available

Air Conditioning
24 Hour Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Rare owner-occupier opportunity to purchase an improved strata retail unit built out as a fitness facility in the core of downtown Victoria’s Old Town District

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2024-02-22

Hide

1148 Oscar St

Victoria, BC V8V 2X4

Multifamily for Sale
$3,399,000 CAD
6,657 SF

Air Conditioning
Kitchen

Victoria Multifamily for Sale

This updated and meticulously designed multifamily building consists of 12 units and is situated at 1148 Oscar Street in Victoria, BC. Positioned in the sought-after Cook Street Village neighborhood, this property is nestled in one of the most desirable areas of greater Victoria. Tenants are drawn to this location due to its convenient access to Beacon Hill Park, Dallas Road, and downtown Victoria, all of which can be easily reached on foot.

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2023-06-09

Hide

View on Map

1-20 of 20

Learn More About Investing in Apartment Buildings

Understanding Cap Rates in Commercial Real Estate

Calculating and Interpreting Cap Rates for Canadian Investors

Types of Commercial Leases: From Gross to Triple Net

Understanding the Different Lease Structures for Your Business Space

Commercial Real Estate Investing: Your Path to Market Success

Your guide to starting and thriving in Canadian commercial property investments

Apartment Building Investment: A Strategic Market Overview

Essential Insights and Practical Strategies for Building Your Multi-Family Portfolio

How to Rent an Office for Your Business in Canada

Learn About the Costs, Types of Office Spaces, and Key Considerations for Leasing the Ideal Commercial Space

Understanding Common Area Maintenance (CAM) Charges

Grasping Common Area Maintenance (CAM) Fees for Better Commercial Real Estate Decisions

How to Buy Land: From Raw to Ready for Development

Understanding Land Types and Purchase Requirements for Property Investment

REIT Investment Strategies: Building Real Estate Wealth

Understanding Investment Trusts and Creating Your Portfolio Strategy

Apartment Buildings for Sale in Capital

View All Available Listings

How many apartment buildings are available for sale in Capital?

There are currently 23 apartment buildings available for sale in Capital, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Capital?

The average size of apartment buildings available for sale in Capital is about 21,617 SF. The largest apartment buildings available to buy is 146,910 SF and the smallest is 1 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Capital?

The average market cap rate for apartment buildings for sale is about 5.52% based on data provided in Capital. Learn more about how cap rates are calculated.

Nearby Cities

Other Property Types