Multifamily in Esquimalt available for sale
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Apartment Building for Sale near Esquimalt

Esquimalt Apartment Building for Sale

More details for 741 Admirals Rd, Victoria, BC - Multifamily for Sale

Pacific Villa Apartments - 741 Admirals Rd

Victoria, BC V9A 2N9

  • Multifamily for Sale
  • $3,360,000 CAD
  • 10,725 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Pacific Villa Apartments presents a compelling opportunity to acquire a fully leased 12-suite multifamily asset in the heart of Esquimalt, just minutes from downtown Victoria. With a strong suite mix dominated by large two-bedroom plus den units (67.7%), the property is designed to maximize rental revenue and attract long-term tenants. Four of the twelve suites have been fully renovated, each with approximately $30,000 in upgrades, supporting a proven value-add strategy with over 32% rental upside potential. The building has undergone significant capital improvements, including a newer roof, double-glazed vinyl windows, updated balconies, and a one-year-old gas-fired boiler and hot water tank. These upgrades minimize future capital expenditures and enhance tenant comfort. Radiant hot water heating and 14 surface parking stalls (12 tenant, 2 visitor) further support operational efficiency. Strategically located on Admirals Road between Esquimalt Road and Colville Road, the property benefits from direct transit access and proximity to key amenities such as Red Barn Grocery, Esquimalt Plaza, the Recreation Centre, and the newly developed Esquimalt Town Square. The building is also across from CFB Esquimalt, the township’s largest employer, which anchors the local economy with over 6,000 personnel. Esquimalt’s rental market fundamentals are exceptionally strong, with a 1.5% vacancy rate and rents rising over 6.4% year-over-year. The area offers slightly more affordable rents than Victoria, attracting renters from the capital’s higher-priced market. With a projected population increase and rising household incomes, Pacific Villa Apartments is well-positioned to deliver stable cash flow and long-term growth.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2024-10-23

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Apartment Buildings for Sale Within 5 kilometers of Esquimalt

More details for 19 Dallas Rd, Victoria, BC - Multifamily for Sale

Shoal Point - 19 Dallas Rd

Victoria, BC V8V 5A6

  • Office/Retail for Sale
  • $1,299,000 CAD
  • 4,166 SF
  • 1 Unit Available
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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
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More details for 971 Market St, Victoria, BC - Multifamily for Sale

North Hill Apartments - 971 Market St

Victoria, BC V8T 4Z3

  • Multifamily for Sale
  • $10,000,000 CAD
  • 26,100 SF
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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
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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
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More details for 903 Humboldt St, Victoria, BC - Multifamily for Sale

903 Humboldt St

Victoria, BC V8V 2Y8

  • Multifamily for Sale
  • $2,499,000 CAD
  • 3,807 SF
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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
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More details for Legacy Apartment Portfolio – Multifamily for Sale, Victoria, BC

Legacy Apartment Portfolio

  • Multifamily for Sale
  • $45,500,000 CAD
  • 146,910 SF
  • 2 Multifamily Properties
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Apartment Buildings for Sale in Esquimalt

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How many apartment buildings are available for sale in Esquimalt?
There are currently 1 apartment buildings available for sale in Esquimalt, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Esquimalt?
The average size of apartment buildings available for sale in Esquimalt is about 10,725 SF. The largest apartment buildings available to buy is 10,725 SF and the smallest is 10,725 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 Esquimalt?
The average market cap rate for apartment buildings for sale is about 4.50% based on data provided in Esquimalt. Learn more about how cap rates are calculated.