Victoria Apartment Buildings for Sale

Multifamily in Victoria available for sale

Victoria Apartment Building for Sale

1527 Fort St

Victoria, BC V8S 1Z7

Multifamily for Sale
$6,495,000 CAD
9,332 SF

Air Conditioning
24 Hour Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Hilltop House at 1527 Fort Street presents a rare opportunity to acquire a fully renovated, 17-suite apartment building in Victoria’s prestigious Rockland neighborhood. This turnkey asset combines timeless architecture with modern upgrades, offering investors peace of mind with no deferred capital expenditures. Each suite boasts condo-quality finishes, including quartz countertops and premium appliances, ensuring strong tenant appeal and retention. Recent improvements—such as a new torch-on roof, upgraded elevator cab, and tankless hot water system—underscore the property’s exceptional condition. Strategically positioned steps from Oak Bay Junction, Hilltop House provides residents with unmatched access to boutique shops, cafes, and essential services, while Downtown Victoria and Oak Bay are just minutes away. The property benefits from excellent transit connectivity and proximity to Royal Jubilee Hospital, reinforcing its desirability among professionals and long-term renters. With a strong going-in yield of 4.5% and eight suites offering rental growth potential, this investment promises both stability and upside in one of Victoria’s most sought-after rental markets.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-11-21

Hide

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

Hide

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

Hide

681 Herald St

Victoria, BC V8W 1S8

Multifamily for Sale
$4,500,000 CAD
10,000 SF

Air Conditioning
Controlled Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Colliers is pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria’s downtown core. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-10-01

Hide

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

Hide

More details for 1105 Pandora Ave, Victoria, BC - Multifamily for Sale

The Wade - 1105 Pandora Ave

Victoria, BC V8V 3N8

Office for Sale
$525,000 CAD
554 SF
1 Unit Available

24 Hour Access

Victoria Multifamily for Sale

Discover an exceptional office space in Unit 109, nestled within the vibrant Harris Green district of Victoria, between Pandora Avenue and Johnson Street along Cook Street. This prime location is at the heart of an area experiencing dynamic growth and redevelopment, offering unmatched convenience with close proximity to the Pandora Avenue and Fort Street. Tucked into a serene interior courtyard, this unit provides a tranquil setting—ideal for professionals seeking a peaceful yet productive workspace. Thoughtfully designed, it features a modern kitchen, a sunlit courtyard, and an impressive nine parking spaces. Plus, 9 stalls with $200 per month ,potential revenue is a great mortgage helper.

Contact:

eXp Realty

Property Subtype:

Apartment

Date on Market:

2025-04-14

Hide

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

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

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

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

More details for 1069 Southgate St, Victoria, BC - Multifamily for Sale

Casa Verde - 1069 Southgate St

Victoria, BC V8V 2Z1

Multifamily for Sale
9,390 SF

Air Conditioning
Bicycle Storage
24 Hour Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Casa Verde, located at 1069 Southgate Street in Victoria’s coveted Cook Street Village, presents a rare opportunity to acquire a meticulously maintained 12-suite vintage apartment building in one of the city’s most desirable rental markets. Owned and cared for by the same party for 47 years, this three-story walk-up blends timeless architectural character with thoughtful upkeep, offering investors a stable, fully occupied asset with significant upside potential. The building comprises ten spacious one-bedroom suites averaging 870 square feet and two studio units. Eight of the suites retain original softwood flooring, and many feature restored vintage fixtures that enhance the building’s charm. With current rents sitting approximately 61% below market, new ownership stands to benefit from substantial income growth through natural tenant turnover. Strategically positioned steps from Beacon Hill Park and the vibrant retail and dining scene of Cook Street Village, Casa Verde offers tenants unmatched access to lifestyle amenities and transit. The property includes secure bike storage, seven large storage lockers, two rented garages, and three off-street parking stalls. Infrastructure highlights include a torch-on membrane roof (2008), radiant hot water heating, and separately metered hydro. This is a rare opportunity to acquire a legacy asset in a high-demand rental corridor with long-term value and repositioning potential.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-08-15

Hide

Heron’s Landing

Multifamily for Sale
86,751 SF
2 Multifamily Properties

Victoria Portfolio of properties for Sale

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.

Contact:

CBRE, Limited

Property Subtype:

Multi Family

Date on Market:

2025-04-16

Hide

1-12 of 12

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 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 60,713 SF. The largest apartment buildings available to buy is 269,000 SF and the smallest is 554 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 4.81% based on data provided in Victoria. Learn more about how cap rates are calculated.

Nearby Cities

Other Property Types