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 2835 Peatt Rd, Victoria, BC - Multifamily for Sale

2835 Peatt Rd

Victoria, BC V9B 3V5

  • Multifamily for Sale
  • $5,790,000 CAD
  • 11,682 SF

Victoria Multifamily for Sale

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Pacific Central, a well-maintained mixed-use apartment building strategically located in the heart of Downtown Langford, one of Greater Victoria’s fastest growing and most dynamic urban centers. Constructed in 2014, the Property comprises 15 residential suites and a ground floor commercial unit, providing investors with a diversified income stream, modern construction, and an attractive suite mix of one-bedroom plus den and two-bedroom units.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-09-03
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More details for 517 Fisgard Street and 524 & 530 Pandora – Retail for Sale, Victoria, BC

517 Fisgard Street and 524 & 530 Pandora

  • Multifamily for Sale
  • $5,500,000 CAD
  • 10,296 SF
  • 3 Multifamily Properties

Victoria Portfolio of properties for Sale

Union presents the opportunity to acquire three retail strata units located within one of Victoria's most recognizable mixed-use developments in the heart of Old Town. Positioned along both Pandora Avenue and Fisgard Street, the offering benefits from extensive street frontage, strong visibility, and direct exposure to year-round pedestrian and vehicle traffic in a well-established downtown commercial district. Constructed in 2014, the property forms the commercial component of the Union development, a mixed-use project that also includes 133 residential suites above. The portfolio is fully leased to five tenants, providing immediate income from a diversified retail tenancy base. The combination of multiple storefronts, frontage on two prominent downtown corridors, and location within a dense urban environment supports long-term tenant demand and investment stability. Victoria's Old Town district remains one of the city's most active retail and tourism destinations, drawing residents, office workers, visitors, and customers throughout the year. The property's proximity to downtown amenities, restaurants, specialty retailers, government offices, and waterfront attractions contributes to sustained commercial activity and visibility. Frontages of approximately 115 feet along Pandora Avenue and approximately 125 feet along Fisgard Street further enhance exposure and customer access. The offering combines modern construction, established tenancy, and a central downtown location within a historically significant commercial area. As a fully leased retail investment situated within a mixed-use development, Union offers investors the opportunity to acquire income-producing retail assets in one of Victoria's most active urban neighborhoods.

Contact:

CBRE, Limited

Property Subtype:

Multi Family

Date on Market:

2026-08-20
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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
  • Kitchen

Victoria Multifamily for Sale

Unit 107 at Shoal Point presents an outstanding opportunity to own a waterfront office/retail strata unit in one of Victoria’s most prestigious locations. Situated on the ground floor, this 4,166 sq. ft. space offers breathtaking inner harbour views paired with a thoughtfully designed layout, including extensive open workspace, a reception area, three private offices, a boardroom, kitchenette, private washroom, and abundant storage. Flexible MS-2 zoning accommodates a range of business uses, making it suitable for diverse owner-occupier or investment strategies. Positioned in the celebrated James Bay neighborhood, Shoal Point delivers unmatched connectivity to Victoria’s downtown core while placing businesses steps from the Inner Harbour's vibrant activity. Complemented by proximity to major commuter routes and pedestrian-friendly surroundings, this location provides enduring value for professionals seeking a distinctive waterfront presence.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2026-07-14
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More details for 1831 Oak Bay Av, Victoria, BC - Multifamily for Sale

1831 Oak Bay Av

Victoria, BC V8R 1C3

  • Retail for Sale
  • $1,620,000 CAD
  • 2,105 SF
  • 1 Unit Available
  • Kitchen

Victoria Multifamily for Sale

Opportunity to acquire a prime ground floor commercial strata unit along Oak Bay Avenue, ideal for those seeking to own their own real estate. This ±2,105 SF retail unit is currently leased to RBC, who have indicated a willingness to terminate their lease and vacate the premises upon sale. Alternatively, a purchaser can elect to maintain the existing tenancy through its expiry in May 2027, providing near-term income stability. The unit benefits from extensive infrastructure, mechanical, and electrical upgrades completed by RBC, offering a high-quality and functional space for a range of users. The premises feature direct frontage and access from Oak Bay Avenue, along with a rear exit connecting to second-level commercial tenant parking, providing convenient accessibility for both customers and staff.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2026-06-26
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More details for 250 Gorge Rd W, Saanich, BC - Multifamily for Sale

Gorge Terrace - 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
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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

Victoria Multifamily for Sale

North Hill Apartments presents an opportunity to acquire a 34-unit apartment property, including one office unit, in Victoria’s Quadra Village neighbourhood. Situated on a prominent corner parcel at Market Street and Wark Street, the property benefits from convenient access to Downtown Victoria, Uptown, Hillside Centre, Mayfair Shopping Centre, Royal Jubilee Hospital, and major transportation corridors serving the Capital Regional District. The location provides residents with connectivity to employment, retail, education, healthcare, and recreation amenities throughout the region. Current ownership has completed significant capital improvements, investing approximately $530,000 since 2022. Upgrades include full renovations to 19 residential units, common area enhancements, landscaping improvements, deck and balcony repairs, lobby modernization, and various building system updates. Renovated suites feature stainless steel appliances and dishwashers, supporting the property's ongoing operational performance and tenant appeal. The asset consists primarily of one-bedroom and two-bedroom apartments and is offered as a stabilized income-producing investment. Additional value enhancement potential exists through the remaining non-renovated units, allowing future ownership to continue modernization efforts. Tenants are responsible for their own heat and hydro expenses, while the property's existing operational structure provides opportunities for further efficiency improvements. The site also offers long-term land value considerations, with marketing materials indicating potential future redevelopment density subject to municipal approvals and planning requirements.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-05-28
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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

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
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More details for 421 Vancouver St, Victoria, BC - Multifamily for Sale

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
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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

Victoria Multifamily for Sale

Unique opportunity to acquire a meticulously updated character building in the sought-after Fairfield neighbourhood. The subject property offers residential rental units on both the garden and upper level with commercial office space on the main level; presenting an ideal opportunity for an investor or owner/occupier to choose their tenants and set the rates.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2026-02-18
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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

Ashford Court is an 18-unit apartment building located at 1760 Fort Street in Victoria’s South Jubilee neighborhood, near the Oak Bay boundary. The property offers investors the opportunity to acquire a fully occupied rental asset within one of Victoria’s most established residential districts. The building is situated on a ±13,960-square-foot site and features a mix of primarily two-bedroom suites, supporting broad tenant appeal and long-term rental demand. The property's location contributes significantly to its investment profile. Positioned along a major transit corridor, Ashford Court provides convenient access to downtown Victoria, the University of Victoria, and Camosun College. Residents benefit from walkable access to daily amenities including grocery stores, restaurants, cafes, pharmacies, and recreational facilities. Royal Jubilee Hospital is located within walking distance, providing a major nearby employment anchor and supporting consistent housing demand in the area. Operationally, the asset features separately metered hydro for most units, natural gas hot water radiant heating, on-site laundry facilities with seller-owned equipment, storage lockers, and surface parking for residents and visitors. The building reports 100% occupancy and includes 14 paved parking stalls and 17 storage lockers. Investors may also recognize potential income growth through future tenant turnover where rents may be adjusted to market conditions in accordance with applicable regulations. Victoria continues to experience limited rental housing supply and sustained demand from healthcare, education, government, and service-sector employment bases. Ashford Court combines a central location, stable occupancy, and established tenancy within a mature urban neighborhood.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-11-14
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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
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Royal Arms Apartment is located at 1300 Yates Street on the corner of Yates Street and Fernwood Road in the Fernwood neighbourhood of Victoria. This 77-suite, four-storey wood-frame apartment building was constructed in 1966 and is serviced by one Montgomery elevator. The building features electric baseboard heating throughout, shared laundry facilities with five washers and five dryers, 63 storage lockers, and 62 on-site parking stalls, including 48 covered spaces. The property is situated on a 45,965 square foot (1.06-acre) site and contains approximately 55,375 square feet of gross building area and 46,167 square feet of net rentable area. The suite mix consists of six bachelor suites, twelve junior one-bedroom suites, forty-nine one-bedroom suites, and ten two-bedroom suites. Over the past five years, the property has undergone extensive capital improvements, including upgrades to common areas, balconies and railings, the fire alarm system, exterior windows and sliding patio doors, and exterior painting. Additionally, 61 suites have been fully renovated, with each renovated suite including the addition of a dishwasher. The property is zoned R3-2 Multiple Dwelling District and is offered with clear title.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-01-21
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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

Wedgewood Terrace and Royal Arms present a rare opportunity to acquire a 137-unit apartment portfolio in Victoria, British Columbia's established Fernwood neighborhood. Located just south of downtown Victoria, both properties benefit from convenient access to employment centers, retail amenities, public transportation, and neighborhood services. Positioned along the Yates Street corridor, the portfolio offers residents connectivity to the downtown core while maintaining the character of a mature residential setting. The portfolio consists of two four-storey apartment communities that have undergone substantial capital improvements over the past five years. Wedgewood Terrace comprises 60 suites and Royal Arms comprises 77 suites. Ownership has invested approximately $2.8 million at Wedgewood Terrace and approximately $4.7 million at Royal Arms toward building modernization, including upgrades to common areas, balconies, railings, windows, patio doors, building systems, and other property components. In addition, a majority of suites within each asset have undergone comprehensive interior renovations that include upgraded finishes and the addition of dishwashers. The properties offer investors the opportunity to acquire stabilized multifamily assets with demonstrated operational performance and limited near-term capital requirements. Current rental rates are reported to be approximately 25% to 28% below market levels, creating potential for future revenue growth through suite turnover and continued asset management. The combination of extensive capital improvements, a central Victoria location, and significant scale within one of the region's most established rental housing markets positions this offering as a notable multifamily investment opportunity.

Contact:

Colliers

Property Subtype:

Multi Family

Date on Market:

2024-07-24
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More details for 595 Pandora Ave, Victoria, BC - Multifamily for Sale

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 chance to purchase a street-level retail strata unit recently improved to an exemplary standard as a move-in-ready fitness facility. The subject property benefits from high ceilings, air conditioning throughout, floor-to-ceiling windows, washrooms, showers, and in-suite laundry capabilities. This is also the only commercial unit in the project with a dedicated parking stall. For those that are interested, the gym equipment and franchise opportunity are available and can also be negotiated Situated within the Abacus, the subject property is located at the cultural hub of downtown Victoria, right between the Old Town District and Chinatown. Sharing the same block as both Market Square and Fan Tan Alley, the subject premises is well-positioned to benefit from ample foot traffic year-round from locals and tourists alike.

Contact:

Avison Young - Victoria

Property Subtype:

Apartment

Date on Market:

2024-02-22
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More details for 345 Quebec St, Victoria, BC - Multifamily for Sale

The James at Harbour Towers - 345 Quebec St

Victoria, BC V8V 1W4

  • Multifamily for Sale
  • Price Upon Request
  • 140,016 SF
  • Air Conditioning
  • Fitness Center
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Avison Young and Cushman & Wakefield are proud to present The James at Harbour Towers (the "Property"), a landmark 12-storey concrete rental tower located at 345 Quebec Street in the heart of Victoria's acclaimed James Bay neighbourhood. The structure was originally built in 1973 and underwent a full rebuild program in 2020, converting the existing hotel to a 219-unit apartment community. The Property offers a diverse suite mix of studio, one-bedroom, one-bedroom plus den, two-bedroom, and penthouse residences across 127,865 square feet of flawlessly maintained, institutional quality rentable area. With a demonstrated track record of operational excellence, strong rental growth, and exceptionally low vacancy, The James at Harbour Towers is well positioned to generate outstanding long-term investment performance.

Contacts:

Avison Young Commercial Real Estate

Cushman & Wakefield

Property Subtype:

Apartment

Date on Market:

2026-07-07
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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 20 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 31,027 SF. The largest apartment buildings available to buy is 146,910 SF and the smallest is 649 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 5.34% based on data provided in Victoria. Learn more about how cap rates are calculated.
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