Commercial Real Estate in Victoria available for sale
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Commercial Properties for Sale in Victoria

Victoria Commercial Property for Sale

More details for 4342 W Shore Pky, Victoria, BC - Industrial for Sale

Upper Building - 4342 W Shore Pky

Victoria, BC V9B 5Z1

  • Flex for Sale
  • $1,280,000 CAD
  • 3,215 SF
  • 1 Unit Available
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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
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More details for 4400 Chatterton Way, Victoria, BC - Office for Sale

4400 Chatterton Way

Victoria, BC V8X 5J2

  • Office for Sale
  • $4,450,000 CAD
  • 8,701 SF
  • 1 Unit Available
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More details for 808 Viewfield Rd, Victoria, BC - Industrial for Sale

808 Viewfield Rd

Victoria, BC V9A 4V1

  • Industrial for Sale
  • $6,150,000 CAD
  • 19,483 SF
  • 1 Unit Available
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More details for 1029 View St, Victoria, BC - Retail for Sale

1029 View St

Victoria, BC V8V 0C9

  • Office for Sale
  • $445,000 CAD
  • 523 SF
  • 1 Unit Available
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More details for 524 Yates St, Victoria, BC - Retail for Sale

The Simon Leiser Building - 524 Yates St

Victoria, BC V8W 1K8

  • Retail for Sale
  • $3,398,800 CAD
  • 4,871 SF
  • 1 Unit Available
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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 1415 Broad St, Victoria, BC - Retail for Sale

1415 Broad St

Victoria, BC V8W 2B2

  • Retail for Sale
  • $2,950,000 CAD
  • 12,598 SF
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More details for 800 Viewfield Rd, Victoria, BC - Industrial for Sale

800 Viewfield Rd

Victoria, BC V9A 4V1

  • Industrial for Sale
  • $9,300,000 CAD
  • 27,741 SF
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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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More details for Development Sites in the Fairfield Neigh – Land for Sale, Victoria, BC

Development Sites in the Fairfield Neigh

  • Land for Sale
  • $3,250,000 CAD
  • 0.31 AC
  • 2 Land Properties
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More details for 491-495 Dupplin Rd, Saanich, BC - Retail for Sale

491-495 Dupplin Rd

Saanich, BC V8Z 1B8

  • Retail for Sale
  • $2,950,000 CAD
  • 10,700 SF
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More details for 2749-2757 Strathmore Rd, Victoria, BC - Land for Sale

2749-2757 Strathmore Rd

Victoria, BC V9B 3X3

  • Land for Sale
  • $3,540,000 CAD
  • 0.52 AC Lot
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More details for 1148 Oscar St, Victoria, BC - Multifamily for Sale

1148 Oscar St

Victoria, BC V8V 2X4

  • Multifamily for Sale
  • $3,499,000 CAD
  • 6,657 SF
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More details for 817 Fisgard St, Victoria, BC - Flex for Sale

817 Fisgard St

Victoria, BC V8W 1R9

  • Flex for Sale
  • $2,595,000 CAD
  • 2,500 SF
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More details for 2621-2629 Douglas St, Victoria, BC - Office for Sale

2621-2629 Douglas St

Victoria, BC V8T 4M1

  • Office for Sale
  • 115,937 SF
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More details for Heron’s Landing – Multifamily for Sale, Victoria, BC

Heron’s Landing

  • Multifamily for Sale
  • 86,751 SF
  • 2 Multifamily Properties
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More details for 1175 Douglas St, Victoria, BC - Office for Sale

Bank of Commerce Building - 1175 Douglas St

Victoria, BC V8W 2E6

  • Office for Sale
  • 137,326 SF
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More details for 4660 Elk Lake Dr, Victoria, BC - Land for Sale

4660 Elk Lake Dr

Victoria, BC V8Z 5M1

  • Land for Sale
  • 1.80 AC Lot
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