Multifamily in V8R available for sale
2

Apartment Buildings for Sale near V8R

V8R Apartment Building for Sale

Apartment Buildings for Sale Within 5 kilometers of V8R

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

The Wade - 1105 Pandora Ave

Victoria, BC V8V 3N8

  • Office for Sale
  • $1,599,900 CAD
  • 4,038 SF
  • 1 Unit Available
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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 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 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
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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
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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
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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 V8R

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How many apartment buildings are available for sale in V8R?
There are currently 2 apartment buildings available for sale in V8R, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in V8R?
The average size of apartment buildings available for sale in Victoria is about 9,016 SF. The largest apartment buildings available to buy is 16,073 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.