Multi-family properties for sale in the greater Victoria BC area. Investors scroll below to find Tri-Plex's for sale in Victoria, 4-Plex's for sale in Victoria and larger multi-family developments for sale in the greater Victoria BC area.
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397 5th St in Courtenay: CV Courtenay City Multi Family for sale (Comox Valley) : MLS®# 986348
Opportunity to purchase a, 2024-built, four-storey rental building in Downtown Courtenay. The building is comprised of 39 residential rental units and 4 ground floor commercial units. Parking is provided with 26 total underground parking stalls. 22 regular, 1 accessible, 3 small. 4 ground level stalls, including 2 x electric vehicle stations. 2 are assumed for commercial use. The exterior is designed and insulated to meet Step 3 of the B.C. building energy code. The property sits on a 13,455 square foot corner lot. The property qualifies for the Courtenay Property Tax Exemption, saving approximately $89,700 annuallyMore details
Listed by Macdonald Commercial Real Estate Services Ltd
Prime 9.5± acre development site located at the corner of Charters Rd and Throup Rd in Sooke, directly across from DeManiel Creek Golf Course and just a short walk to schools, parks, SEAPARC Community Centre, and local amenities. This is one of the last large parcels in the area that doesn’t require rezoning, offering four existing zonings: approx. 6± acres RM2 (high-density residential), 1± acre RU2 (single-family), 0.4± acre commercial, and 1± acre in SPEA (Streamside Protection Area), which may allow for increased density. A Development Permit is in place for 75 townhomes, with a second permit pending for a 169-unit multi-family development. Partial sewer hook-up prepayments, and the potential for 3–6 storey buildings with views. With strong housing demand and excellent walkability, this versatile and well-located site offers an outstanding opportunity for residential or mixed-use development.More details
Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.More details
Mixed-use wood frame rental complex in Downtown Langford. 4 storey, 1 ground commercial unit, 15 residential units, mixed with 3 of 1-Bedroom+Den and 12 of 2-Bedroom. Each residential unit include a large master bedroom, deck, in-suite laundry and stainless steelappliances. Building provides covered 16 parking spaces, bike storage room and elevator service. Located at the heart of Langford,with minutes drive to Langford Centre and Westshore Town Centre, brings convenience to the residents. All residential units were fully rented with below market rents, lots of upside. Commercial unit occupied by a 5 years long term stable tenant. Existing 3.6% CAP rate, with potential to over 5% return. Contact for more details.More details
Welcome to Creekside Community MHP, a serene retreat nestled in Langford, Victoria. Spanning 5.43 acres, this park offers a unique opportunity for peaceful living amidst nature's bounty. With its current RH1 zoning and promising future development potential outlined in the Neighborhood designation, this property presents a versatile canvas for investment and growth.
Located in the heart of Langford, residents enjoy convenient access to urban amenities while savoring the tranquility of Creekside living. Surrounded by lush greenery and scenic vistas, this community embodies the essence of harmonious living.
Whether you're seeking a tranquil retreat or exploring investment opportunities, Creekside Community MHP invites you to discover the endless possibilities it holds. Embrace the beauty of nature and the promise of growth in this idyllic haven.More details
30,000 sq.ft. land assembly in Esquimalt core area designated "High Density Residential" in the 2018 Official Community Plan. The site comprises three legal lots with access from Admirals Road, Astle Street and Constance Avenue. The site is located at the doorstep of CFB Esquimalt (Naden) and a short walk to Esquimalt Town Centre. The
site will offer ocean and mountain views from upper stories. Excellent access to arterial roads, transit and cycling infrastructure. 664 Admirals Road was recently rezoned by another property owner to permit a 12-story residential building. These three properties are being sold together for the published listing price:
656 Admirals Road - tenanted 13-suite residential apartment building; 1300 Astle Street - tenanted 5-suite residential building (non-conforming); 1312 Astle Street - tenanted 2-suite residential building.More details
This opportunity allows potential investors to acquire a 100% ownership stake in Thornwood Manor, located at 1028 Inverness Rd in Greater Victoria. Thornwood Manor is a three-story apartment building situated in a prime location along Inverness Rd, positioned between Quadra St and Glasgow Ave. This offering presents a distinct chance to invest in a well-maintained, income-generating multi-family apartment building at the center of Greater Victoria, with significant potential for redevelopment. The property is surrounded by multi-family zoning, indicating favorable development prospects. Moreover, it's conveniently located, being just a 5-minute drive to Mayfair Mall and the uptown area of Victoria.More details
Welcome to this incredibly rare opportunity to own a brand new legal Houseplex in a PRIME Saanich location near the University and nearly every amenity you could possibly need! This substantial property is comprised of 4 total suites which will be strata titled into 4 separate units consisting of a 4 bedroom main living area on the upper two levels and each unit will have a bonus room and bedroom on the lower. The potential to rent all the units will yield a lucrative return and hold as an attractive investment in the longterm. There is plenty of parking on site as well as designated outdoor space for each unit. This location is minutes from Uvic, Camosun College, restaurants, grocery stores, coffee shops and walking distance to major bus routes. This exciting project will be completed in the coming months and presents itself as an unrivalled opportunity to own new construction, turn key rental with the balance of 2-5-10 home warranty with a local reputable builder.More details
2.35 acres of Prime development opportunity in the heart of Sooke. This centrally located RM2-zoned property is offered for sale with significant density potential & supporting documentation in place. The current OCP supports the development of 47 units. Structures have been removed; the site is ready for development (not excavated). Development Permit Submitted: Mar 2025 for a 47-unit condo development. The design Concept consists of 8 buildings, 6 units per building (1 building includes a flex space for gym or storage). The draft OCP allows up to 65 units, with the site plan designed to accommodate 3 additional buildings. Meetings held with the District of Sooke with verbal support received for current DP submission. This project offers multiple build-out strategies depending on your investment goals, the project could proceed as strata-titled condos for sale or as CMHC rental units with stratified buildings. Call for your full package today!More details
DEVELOPMENT OPPORTUNITY!! Works out to 9 lots for just 2.1MM. Sellers will consider any reasonable offer. Proudly presenting 3332, 3328 and 3324 Lodmell Road. This 11 lot project has conditional approval for 7 single family home lots that allow suites, 2 duplex lots and to top it all off it also includes 2 existing homes (Value of 1.5MM). Monthly rental income of $5,500. This land assembly has a combined area of 1.12. Possible gold mine with Langford's zoning changes (Bylaw No.2183). PLEASE do not walk the property without an appointment. The 1975 mobile home on 3324 Lodmell is not suitable for habitation and is of no value. 3328 Lodmell Silver Label 514013.More details
Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.More details
Exceptional Developer Opportunity – PRIME LOCATION! DEVELOPERS TAKE NOTE – ALL THE HARD WORK IS DONE! This ZONED and ready-to-build site is strategically located directly across from the Cowichan Commons Shopping Centre, offering unbeatable exposure and convenience. Situated in the highly sought-after Bell McKinnon OCP, this is one of the few properties in the area near permitting, making it a unique and time-sensitive opportunity for developers. A covenant is registered on the title protecting several key advantages for this property, including no Park DCCs required for development; reducing upfront costs, 6-storey development permitted; unlocking maximum potential, potential for 11 two-story townhomes and 41 - condo units, a relaxation on green space requirements. Take advantage of this rare, pre-approved opportunity in a thriving location with future growth potential. Contact the listing agent today for more information!More details
