Victoria Multifamily Properties for Sale

Commercial Real Estate in Victoria available for sale

Victoria Multifamily Property for Sale

517 Fisgard Street and 524 & 530 Pandora

Multifamily for Sale
$5,500,000 CAD
10,296 SF
3 Multifamily Properties

Victoria Portfolio of properties for Sale

Union presents the opportunity to acquire three retail strata units located within one of Victoria's most recognizable mixed-use developments in the heart of Old Town. Positioned along both Pandora Avenue and Fisgard Street, the offering benefits from extensive street frontage, strong visibility, and direct exposure to year-round pedestrian and vehicle traffic in a well-established downtown commercial district. Constructed in 2014, the property forms the commercial component of the Union development, a mixed-use project that also includes 133 residential suites above. The portfolio is fully leased to five tenants, providing immediate income from a diversified retail tenancy base. The combination of multiple storefronts, frontage on two prominent downtown corridors, and location within a dense urban environment supports long-term tenant demand and investment stability. Victoria's Old Town district remains one of the city's most active retail and tourism destinations, drawing residents, office workers, visitors, and customers throughout the year. The property's proximity to downtown amenities, restaurants, specialty retailers, government offices, and waterfront attractions contributes to sustained commercial activity and visibility. Frontages of approximately 115 feet along Pandora Avenue and approximately 125 feet along Fisgard Street further enhance exposure and customer access. The offering combines modern construction, established tenancy, and a central downtown location within a historically significant commercial area. As a fully leased retail investment situated within a mixed-use development, Union offers investors the opportunity to acquire income-producing retail assets in one of Victoria's most active urban neighborhoods.

Contact:

CBRE, Limited

Property Subtype:

Multi Family

Date on Market:

2026-08-20

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More details for 19 Dallas Rd, Victoria, BC - Multifamily for Sale

Shoal Point - 19 Dallas Rd

Victoria, BC V8V 5A6

Office/Retail for Sale
$1,299,000 CAD
4,166 SF
1 Unit Available

Kitchen

Victoria Multifamily for Sale

Unit 107 at Shoal Point presents an outstanding opportunity to own a waterfront office/retail strata unit in one of Victoria’s most prestigious locations. Situated on the ground floor, this 4,166 sq. ft. space offers breathtaking inner harbour views paired with a thoughtfully designed layout, including extensive open workspace, a reception area, three private offices, a boardroom, kitchenette, private washroom, and abundant storage. Flexible MS-2 zoning accommodates a range of business uses, making it suitable for diverse owner-occupier or investment strategies. Positioned in the celebrated James Bay neighborhood, Shoal Point delivers unmatched connectivity to Victoria’s downtown core while placing businesses steps from the Inner Harbour's vibrant activity. Complemented by proximity to major commuter routes and pedestrian-friendly surroundings, this location provides enduring value for professionals seeking a distinctive waterfront presence.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2026-07-14

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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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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

Ashford Court is an 18-unit apartment building located at 1760 Fort Street in Victoria’s South Jubilee neighborhood, near the Oak Bay boundary. The property offers investors the opportunity to acquire a fully occupied rental asset within one of Victoria’s most established residential districts. The building is situated on a ±13,960-square-foot site and features a mix of primarily two-bedroom suites, supporting broad tenant appeal and long-term rental demand. The property's location contributes significantly to its investment profile. Positioned along a major transit corridor, Ashford Court provides convenient access to downtown Victoria, the University of Victoria, and Camosun College. Residents benefit from walkable access to daily amenities including grocery stores, restaurants, cafes, pharmacies, and recreational facilities. Royal Jubilee Hospital is located within walking distance, providing a major nearby employment anchor and supporting consistent housing demand in the area. Operationally, the asset features separately metered hydro for most units, natural gas hot water radiant heating, on-site laundry facilities with seller-owned equipment, storage lockers, and surface parking for residents and visitors. The building reports 100% occupancy and includes 14 paved parking stalls and 17 storage lockers. Investors may also recognize potential income growth through future tenant turnover where rents may be adjusted to market conditions in accordance with applicable regulations. Victoria continues to experience limited rental housing supply and sustained demand from healthcare, education, government, and service-sector employment bases. Ashford Court combines a central location, stable occupancy, and established tenancy within a mature urban neighborhood.

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

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

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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 23 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 19,877 SF. The largest multifamily properties available to buy is 146,910 SF and the smallest is 649 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 5.35% based on data provided in Victoria. Learn more about how cap rates are calculated.

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