Commercial Real Estate in Capital available for sale
8

Multifamily Properties for Sale in Capital

Capital Multifamily Property for Sale

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
See More
More details for 9830-9844 Third St, Sidney, BC - Multifamily for Sale

Cameo - 9830-9844 Third St

Sidney, BC V8L 3A7

  • Retail for Sale
  • $1,799,999 CAD
  • 2,238 SF
  • 1 Unit Available
See More
More details for 3221 Heatherbell Rd, Colwood, BC - Multifamily for Sale

Pendray House - 3221 Heatherbell Rd

Colwood, BC V9C 1Y8

  • Multifamily for Sale
  • $6,950,000 CAD
  • 8,400 SF
See More
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

Hide
See More
More details for 611 Brookside Rd, Colwood, BC - Multifamily for Sale

Latoria Walk - 611 Brookside Rd

Colwood, BC V9C 0C3

  • Office for Sale
  • $1,250,000 CAD
  • 2,215 SF
  • 1 Unit Available
See More
More details for 711 Treanor Av, Langford, BC - Multifamily for Sale

Treanor Terrace Apartments - 711 Treanor Av

Langford, BC V9B 6W7

  • Multifamily for Sale
  • Price Upon Request
  • 95,000 SF
See More
More details for 1101-1109 Fort St, Victoria, BC - Multifamily for Sale

Black and White - 1101-1109 Fort St

Victoria, BC V8V 3K9

  • Retail for Sale
  • Price Upon Request
  • 1,144 - 2,385 SF
  • 5 Units Available
See More
More details for 1026 Fort St, Victoria, BC - Multifamily for Sale

1026 Fort St

Victoria, BC V8V 3K4

  • Office for Sale
  • Price Upon Request
  • 2,623 SF
  • 1 Unit Available
See More
1-8 of 8

Multifamily Properties for Sale in Capital

View All Available Listings
How many multifamily properties are available for sale in Capital?
There are currently 21 multifamily properties available for sale in Capital, offering a unique opportunity for businesses to establish a presence.
How big are the multifamily properties available for sale in Capital?
The average size of multifamily properties available for sale in Capital is about 30,691 SF. The largest multifamily properties 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 multifamily properties in Capital?
The average market cap rate for multifamily properties for sale is about 4.95% based on data provided in Capital. Learn more about how cap rates are calculated.