Victoria Multifamily Properties for Sale

Commercial Real Estate in Victoria available for sale

Victoria Multifamily Property for Sale

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More details for 250 Gorge Rd W, Saanich, BC - Multifamily for Sale

Gorge Terrace - 250 Gorge Rd W

Saanich, BC V9A 1M6

Multifamily for Sale
$10,000,000 CAD
23,052 SF

Saanich Multifamily for Sale

Gorge Terrace presents an exceptional opportunity to acquire a fully rented, income-producing multi-family property prominently located along the established Gorge Road corridor in Saanich, part of Greater Victoria’s thriving rental market. The 36-suite complex, situated on a 34,611 SF lot, comprises a mix of studio, one-, and two-bedroom units with an average size of 640 SF. Current ownership has invested over $490,000 into significant capital improvements, including comprehensive renovations of 16 suites, exterior enhancements, new aluminum balconies, updated common areas, modernized windows, and new signage. Positioned adjacent to the Gorge Shopping Centre and minutes from Uptown Centre, the property benefits from immediate access to transit, key retail amenities, and the scenic Gorge Waterway, which offers walking trails and recreational activities. Long-term upside exists through further unit renovations and potential densification opportunities supported by the property’s RA-3 Apartment Zoning and inclusion in the Primary Growth Area under the Official Community Plan. With a stabilized net operating income of $419,204 and average actual rent of $1,440 per unit, Gorge Terrace offers investors consistent cash flow and value-add potential in one of Vancouver Island’s most resilient rental markets.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-06-08

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More details for 1029 View St, Victoria, BC - Multifamily for Sale

The Jukebox - 1029 View St

Victoria, BC V8V 0C9

Office/Retail for Sale
$438,000 CAD
595 SF
1 Unit Available

24 Hour Access
Smoke Detector

Victoria Multifamily for Sale

Prime ground-floor commercial strata in the heart of Victoria's Harris Green district, located within the modern 2019 Jukebox building. 595 sq ft with one underground parking stall included and a strata fee of $402.60/month. The current tenant runs a well-established fitness business with a lease running to September 2026. The tenant has expressed interest in renewing, reflecting confidence in both the space and the location. Continued stable income with a committed operator in place. For an owner-operator, September 2026 provides a near-term opportunity to take possession and move your business in. The interior features a clean, open-plan layout with an enclosed two-piece washroom, situated in a newer concrete building with professional management. The location sits directly beneath 200+ existing residents and adjacent to Harris Green Village, with 1,500+ new units currently under construction. Contact listing agent for full tenancy details.

Contact:

The Agency Victoria

Property Subtype:

Apartment

Date on Market:

2026-06-07

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More details for 971 Market St, Victoria, BC - Multifamily for Sale

North Hill Apartments - 971 Market St

Victoria, BC V8T 4Z3

Multifamily for Sale
$10,000,000 CAD
26,100 SF

Victoria Multifamily for Sale

The Avison Young Multi-Family Team is pleased to present the opportunity to acquire North Hill Apartments, a well-maintained 33-unit rental building with one office unit, situated in Victoria’s desirable Quadra Village neighbourhood. The Property occupies a prominent corner lot at Market Street and Wark Street, totalling 26,100 sf. Current ownership has invested approximately $530,000 in capital improvements since 2022, including full suite renovations on 19 units, common area upgrades featuring new flooring and fresh paint, landscaping enhancements, and deck/balcony repairs. North Hill Apartments represents a compelling opportunity to acquire a cash-flowing multi-family asset in one of Canada’s strongest rental markets with a value-add opportunity on 14 non-renovated units.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-05-28

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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

Victoria Multifamily for Sale

Perfectly positioned in a high-visibility location, the property offers unmatched convenience with easy access to downtown Victoria, major transit routes, and a wide range of nearby amenities including Hillside Mall, Fairway Market, Save-On-Foods Memorial Centre, Cascadia Liquor, 5th Street Bar & Grill, and the shops and cafés of Quadra Village.

Contact:

eXp Realty

Property Subtype:

Apartment

Date on Market:

2026-05-15

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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 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

Air Conditioning
24 Hour Access

Victoria Multifamily for Sale

Ideal for an owner/occupier or investor looking for a well located professional strata office unit in Downtown Victoria, in a steel and concrete building. The Savoy, a mixed use residential and commercial building, offers secure underground parking, as well as ample, accessible street parking along Fairfield Road. The common washrooms have all recently been updated.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-12-18

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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 345 Quebec St, Victoria, BC - Multifamily for Sale

The James at Harbour Towers - 345 Quebec St

Victoria, BC V8V 1W4

Multifamily for Sale
Price Upon Request
140,016 SF

Air Conditioning
Fitness Center
Controlled Access
Kitchen
Smoke Detector

Victoria Multifamily for Sale

Avison Young and Cushman & Wakefield are proud to present The James at Harbour Towers (the "Property"), a landmark 12-storey concrete rental tower located at 345 Quebec Street in the heart of Victoria's acclaimed James Bay neighbourhood. The structure was originally built in 1973 and underwent a full rebuild program in 2020, converting the existing hotel to a 219-unit apartment community. The Property offers a diverse suite mix of studio, one-bedroom, one-bedroom plus den, two-bedroom, and penthouse residences across 127,865 square feet of flawlessly maintained, institutional quality rentable area. With a demonstrated track record of operational excellence, strong rental growth, and exceptionally low vacancy, The James at Harbour Towers is well positioned to generate outstanding long-term investment performance.

Contacts:

Avison Young Commercial Real Estate

Cushman & Wakefield

Property Subtype:

Apartment

Date on Market:

2026-07-07

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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
Price Upon Request
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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Multifamily Properties for Sale in Victoria

View All Available Listings

How many multifamily properties are available for sale in Victoria?

There are currently 22 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 28,131 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 Victoria?

The average market cap rate for multifamily properties for sale is about 4.45% based on data provided in Victoria. Learn more about how cap rates are calculated.

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