Victoria Multifamily Properties for Sale

Commercial Real Estate in Victoria available for sale

Victoria Multifamily Property for Sale

1060 Pakington St

Victoria, BC V8V 3A1

Multifamily for Sale
$10,250,000 CAD
21,600 SF

Victoria Multifamily for Sale

Avison Young’s Multi-Family Team is pleased to present Park Royal Manor, a rare value-add opportunity featuring a 33-unit rental apartment building located at 1060 Pakington Street in Victoria, British Columbia (the “Property”). The Property is a well-maintained multifamily asset offering a strong going-in yield for investors, along with significant upside in rental revenue upon unit turnover. Ideally situated in Victoria’s inner core—minutes from Downtown Victoria, steps from Cook Street Village, and surrounded by premier amenities—Park Royal Manor represents a unique investment opportunity with substantial potential to capitalize on one of Canada’s most desirable rental markets.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-01-26

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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 19-21 Dallas Rd, Victoria, BC - Multifamily for Sale

Shoal Point - 19-21 Dallas Rd

Victoria, BC V8V 4Z9

Office/Retail for Sale
$1,380,000 CAD
4,166 SF
1 Unit Available

Kitchen

Victoria Multifamily for Sale

CBRE Limited is pleased to present the opportunity to purchase Unit 107 at 19 Dallas Road.With flexible MS-2 zoning, this unit is suitable for a variety of business uses. Perfect for an owner user who appreciates proximity to Downtown and the inner harbour.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2025-04-11

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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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1148 Oscar St

Victoria, BC V8V 2X4

Multifamily for Sale
$3,499,000 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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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 14 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 44,011 SF. The largest multifamily properties available to buy is 146,910 SF and the smallest is 554 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 4.89% based on data provided in Victoria. Learn more about how cap rates are calculated.

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