Victoria Apartment Buildings for Sale

Multifamily in Victoria available for sale

Victoria Apartment Building for Sale

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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1333 Pandora Av

Victoria, BC V8V 3R6

Multifamily for Sale
$3,350,000 CAD
10,104 SF

Air Conditioning
24 Hour Access
Controlled Access
Kitchen

Victoria Multifamily for Sale

This 14-unit multifamily property at 1333 Pandora Avenue offers investors an exceptional opportunity in the heart of Victoria. Situated on a 13,085 square-foot corner lot within the Fernwood neighborhood, the asset features a well-maintained three-story building with recently renovated units and DP-approved plans for four additional dwellings. The current configuration includes six bachelor and eight one-bedroom units, complemented by surface parking for 20 vehicles, coin-operated laundry, and a robust infrastructure that includes an updated fire panel and two new hot water tanks. With five upgraded suites and electric baseboard heating costs covered by tenants, this property offers low operational overhead. The apartments enjoy below-market rents, creating significant value enhancement potential through repositioning. The approved development permit allows for three one-bedroom units and one two-bedroom unit to be added at grade without disturbing existing tenancies—a rare intensification opportunity in Victoria’s stable rental market. Positioned minutes from Downtown Victoria, the location ensures strong connectivity to employment hubs, retail corridors, schools, and public transit, with nearby parks and green spaces enhancing tenant appeal. This combination of in-place income, embedded potential for rent growth, and expansion certainty provides a compelling proposition for investors seeking long-term stability and upside.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2026-07-08

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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 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

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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

The Avison Young Multi-Family Team is pleased to present the opportunity to acquire North Hill Apartments, a well-maintained 33-unit rental building with one office unit, situated in Victoria’s desirable Quadra Village neighbourhood. The Property occupies a prominent corner lot at Market Street and Wark Street, totalling 26,100 sf. Current ownership has invested approximately $530,000 in capital improvements since 2022, including full suite renovations on 19 units, common area upgrades featuring new flooring and fresh paint, landscaping enhancements, and deck/balcony repairs. North Hill Apartments represents a compelling opportunity to acquire a cash-flowing multi-family asset in one of Canada’s strongest rental markets with a value-add opportunity on 14 non-renovated units.

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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604 Wilson St

Victoria, BC V9A 3G9

Multifamily for Sale
$1,749,000 CAD
3,900 SF

Victoria Multifamily for Sale

604 Wilson Street, Victoria, BC is a fully renovated five-unit multifamily building located in the Victoria West neighbourhood. This 1912-built character property has undergone extensive upgrades, transforming it into a modern, high efficiency and low-maintenance asset. With a strong unit mix and excellent tenant base, the building offers investors hands-off cash flow

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2026-05-15

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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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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

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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 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

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More details for 777 Blanshard St, Victoria, BC - Multifamily for Sale

The Savoy - 777 Blanshard St

Victoria, BC V8W 2G9

Office for Sale
$750,000 CAD
1,613 SF
1 Unit Available

Air Conditioning
24 Hour Access

Victoria Multifamily for Sale

Ideal for an owner/occupier or investor looking for a well located professional strata office unit in Downtown Victoria, in a steel and concrete building. The Savoy, a mixed use residential and commercial building, offers secure underground parking, as well as ample, accessible street parking along Fairfield Road. The common washrooms have all recently been updated.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-12-18

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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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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

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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

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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 16 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 35,156 SF. The largest apartment buildings available to buy is 146,910 SF and the smallest is 595 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 4.51% based on data provided in Victoria. Learn more about how cap rates are calculated.

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