Victoria Multifamily Properties for Sale

Commercial Real Estate in Victoria available for sale

Victoria Multifamily Property for Sale

1527 Fort St

Victoria, BC V8S 1Z7

Multifamily for Sale
$6,495,000 CAD
9,332 SF

Air Conditioning
24 Hour Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Hilltop House at 1527 Fort Street presents a rare opportunity to acquire a fully renovated, 17-suite apartment building in Victoria’s prestigious Rockland neighborhood. This turnkey asset combines timeless architecture with modern upgrades, offering investors peace of mind with no deferred capital expenditures. Each suite boasts condo-quality finishes, including quartz countertops and premium appliances, ensuring strong tenant appeal and retention. Recent improvements—such as a new torch-on roof, upgraded elevator cab, and tankless hot water system—underscore the property’s exceptional condition. Strategically positioned steps from Oak Bay Junction, Hilltop House provides residents with unmatched access to boutique shops, cafes, and essential services, while Downtown Victoria and Oak Bay are just minutes away. The property benefits from excellent transit connectivity and proximity to Royal Jubilee Hospital, reinforcing its desirability among professionals and long-term renters. With a strong going-in yield of 4.5% and eight suites offering rental growth potential, this investment promises both stability and upside in one of Victoria’s most sought-after rental markets.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-11-21

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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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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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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
1,144 - 2,385 SF
5 Units Available

24 Hour Access
Kitchen

Victoria Multifamily for Sale

The property benefits from a strong tenant mix including The Breakfast Shop, The Ten Spot, Viva Dental, and Agile Integrated Health, with one unit currently vacant, providing upside for repositioning or owner-occupancy. All leases are structured with long-term commitments, ranging from 60 to 120 months, and staggered expiries through 2034, ensuring stable cash flow and minimal turnover risk. Strategically located on transit and bike lanes, the site is surrounded by high-density residential developments and is steps from downtown Victoria. Grade-level loading on Meares Street and nine reserved underground parking stalls enhance operational efficiency and tenant appeal. With a 5.74% stabilized cap rate, this offering delivers both immediate income and long-term growth potential in a market experiencing sustained urban expansion. Whether for passive investment or strategic portfolio enhancement, this high-exposure retail asset combines location strength, tenant stability, and architectural quality in a single, compelling package.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-09-24

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Heron’s Landing

Multifamily for Sale
86,751 SF
2 Multifamily Properties

Victoria Portfolio of properties for Sale

CBRE Limited is pleased to present for sale 3185 Tillicum Road and 275 Burnside Road West in Saanich, BC. These two modern and energy efficient multi-family buildings were constructed in 2013 to an exceptionally high standard. With 104 residential units plus a 2,540 SF commercial space the offering represents a ‘like new’ investment opportunity priced well below what it would cost to construct today. Situated in a region identified as a growth opportunity by Saanich and a provincial transitoriented area (TOA), investors will benefit from rental rates that still possess a 23.6% spread to current market rates in an area that has significant room for rental growth.

Contact:

CBRE, Limited

Property Subtype:

Multi Family

Date on Market:

2025-04-16

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Multifamily Properties for Sale in Victoria

View All Available Listings

How many multifamily properties are available for sale in Victoria?

There are currently 19 multifamily properties available for sale in Victoria, offering a unique opportunity for businesses to establish a presence.

How big are the multifamily properties available for sale in Victoria?

The average size of multifamily properties available for sale in Victoria is about 45,593 SF. The largest multifamily properties available to buy is 269,000 SF and the smallest is 1,144 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 Victoria?

The average market cap rate for multifamily properties for sale is about 4.70% based on data provided in Victoria. Learn more about how cap rates are calculated.

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