Multifamily in Victoria available for sale
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Apartment Buildings for Sale in Victoria

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Victoria Apartment Building for Sale

More details for 707 Courtney St, Victoria, BC - Multifamily for Sale

The Falls - 707 Courtney St

Victoria, BC V8W 0A9

  • Retail for Sale
  • $4,810,000 CAD
  • 6,417 SF
  • 1 Unit Available

Victoria Multifamily for Sale

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an owner-user to acquire a highly visible corner strata retail unit at 869 Douglas Street, Victoria, B.C. (the “Subject Property”). The Subject Property is a 6,417 SF ground floor corner strata lot, fronting Douglas Street (Highway 1 / Trans-Canada Highway) in downtown Victoria. The unit is priced well below replacement cost and further benefits from on-site shared parking, its location beneath The Falls (two residential towers totaling 155 residential units), and strong adjacent co-tenancies, Browns Socialhouse and 7-Eleven.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-10-02
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More details for 705 Johnson St, Victoria, BC - Multifamily for Sale

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
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More details for 1060 Pakington St, Victoria, BC - Multifamily for Sale

1060 Pakington St

Victoria, BC V8V 3A1

  • Multifamily for Sale
  • $10,250,000 CAD
  • 21,600 SF

Victoria Multifamily for Sale

Avison Young’s Multi-Family Team is pleased to present Park Royal Manor, a rare value-add opportunity featuring a 33-unit rental apartment building located at 1060 Pakington Street in Victoria, British Columbia (the “Property”). The Property is a well-maintained multifamily asset offering a strong going-in yield for investors, along with significant upside in rental revenue upon unit turnover. Ideally situated in Victoria’s inner core—minutes from Downtown Victoria, steps from Cook Street Village, and surrounded by premier amenities—Park Royal Manor represents a unique investment opportunity with substantial potential to capitalize on one of Canada’s most desirable rental markets.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-01-26
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More details for 1760 Fort St, Victoria, BC - Multifamily for Sale

1760 Fort St

Victoria, BC V8R 1J4

  • Multifamily for Sale
  • $4,750,000 CAD
  • 16,073 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Colliers is proud to present Ashford Court, a well maintained 18-unit apartment building located in Victoria’s highly sought-after South Jubilee neighborhood. Near the border of Oak Bay, the property benefits from being directly on a transit route, walking distance to amenities such as the Urban Grocer and Save-On-Foods, and a stable tenant mix. This 4-storey wood-frame building is situated on a 13,960 square foot lot and features a desirable mix of spacious one and two bedroom suites.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-11-14
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More details for 2312 Wark St, Victoria, BC - Multifamily for Sale

2312 Wark St

Victoria, BC V8T 4G6

  • Multifamily for Sale
  • $2,100,000 CAD
  • 4,309 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

The subject property features a two-and-a-half-storey wood-frame apartment building that has been converted into eight (8) legal suites. These include one (1) studio suite, five (5) one-bedroom suites, one (1) two-bedroom suite, and one (1) three-bedroom suite. The property offers on-site parking for up to 10 vehicles, and most suites include balconies or patios. Rent covers hot water and heating for all suites, except for the three-bedroom suite, which is responsible for its own electric heating costs. The two-bedroom suite has in-suite laundry, while the remaining suites have access to on-site laundry machines owned by the Landlord. Each suite is individually metered for electricity, with tenants directly responsible for their usage.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-09-18
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More details for 2630-2636 Peatt Rd, Victoria, BC - Multifamily for Sale

Langford Gateway - 2630-2636 Peatt Rd

Victoria, BC V9B 3T8

  • Multifamily for Sale
  • $9,975,000 CAD
  • 269,000 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Roof Terrace

Victoria Multifamily for Sale

CBRE Limited has been engaged, pursuant to a Court-Order, to offer for sale Langford Gateway in Langford, BC (the “Property”) — an exceptionally well-located 5-parcel assembly encompassing 78,800 SF of CCP zoned, high-density development land, just blocks from Highway 1 and an incredible range of amenities. With over 2,800 SF of frontage on three streets, including major arterial Peatt Road, this offering represents a rare opportunity to develop at scale (6.0 FAR) with in-place zoning, in the heart of one of Canada's fastest-growing communities.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-03-27
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More details for 1655 Chambers St, Victoria, BC - Multifamily for Sale

Wedgewood Terrace - 1655 Chambers St

Victoria, BC V8T 3J7

  • Multifamily for Sale
  • $20,500,000 CAD
  • 91,535 SF
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Opportunity to purchase this 60-suite, four-storey, wood frame apartment building was constructed in 1964. The gross building area is +/- 57,400 SF. The exterior finish is stucco and brick veneer with decorative wood trim and a mansard roof. The suites are heated by gas fired hot water baseboard with the building serviced by one (1) Montgomery elevator.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-01-21
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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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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

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
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More details for 1026 Fort St, Victoria, BC - Multifamily for Sale

1026 Fort St

Victoria, BC V8V 3K4

  • Office for Sale
  • 2,623 SF
  • 1 Unit Available
  • 24 Hour Access

Victoria Multifamily for Sale

Positioned in the heart of Victoria’s rapidly evolving Harris Green district, 1024 & 1026 Fort Street offers a rare opportunity to acquire a fully furnished, turn-key executive office space with exceptional visibility and modern design. This boutique ground-floor office spans 1,417 SF, complemented by 1,206 SF of lower-level storage, and includes two secure underground parking stalls. The property comprises two strata units and features high-end finishes, floor-to-ceiling storefront glazing, and prominent blade signage on one of Victoria’s most trafficked corridors.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-09-24
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LoopNet Canada British Columbia Apartment Buildings For Sale in Victoria, BC, Canada

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Apartment Buildings for Sale in Victoria

View All Available Listings
How many apartment buildings are available for sale in Victoria?
There are currently 14 apartment buildings available for sale in Victoria, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Victoria?
The average size of apartment buildings available for sale in Victoria is about 56,635 SF. The largest apartment buildings available to buy is 269,000 SF and the smallest is 1,959 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 Victoria?
The average market cap rate for apartment buildings for sale is about 5.11% based on data provided in Victoria. Learn more about how cap rates are calculated.
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