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
New Price $300k reduction , Perfect Location, Already a Fully Active 4 way Lighted Intersection at end of road on Goldstream Rd.56,664 SF (1.3 acre) Family Owned Land Assembly close to the core of downtown Langford, BC. The properties include 2766 Grainger Rd, 2768 Grainger Rd, 2770 Grainger Rd, and 2774 Grainger Rd with access off of Goldstream Road. Current Zoning is R2 – One and Two Family Residential.Possibilities with a Rezone to go to 6 -8 Stories, As per the Langford City Centre Concept OCP Map, the subject properties have a rezoning potential to go to CC2 zone, which permits medium-density multifamily residential uses such as apartments and townhomes and an FSR up to 3:1. Do not approach any tenants.More details
Listed by Maxxam Realty Ltd. and AY Victoria Realty Ltd.
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
DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Adjacent to Havenwood Park and multi-family zoned properties. It stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue.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
One of the last 30,000 sq. ft. cleared, flat development lots in South Sidney. Offering breathtaking ocean and mountain views with exceptional access to parks, shopping, dining, and recreation, this premier development site combines unparalleled convenience with coastal charm.
Zoned for Small-Scale, Multi-Unit Housing (SSMUH) with Preliminary Lot Approval, the site supports 12–16 duplex units or the creation of a dream estate, making it a prime investment for developers and builders.
Positioned to attract a vibrant community of families, professionals, and retirees, this property offers extraordinary potential to create a legacy development in one of Sidney's most desirable locations.More details
We are pleased to present a prime 1.98-acre development site located in the vibrant Seaside community of Parksville. This area is renowned for its walkability, healthy population growth, and strong market demand, making it an ideal location for your next residential project. Currently zoned RS-2, the property allows for a mix of low and medium-density housing, including townhomes, fourplexes, and single-family homes with suites. The existing zoning permits up to 23 units; however, by leveraging the City of Parksville’s Density Bonusing program, there is potential to increase that to as many as 40 units, depending on the housing type and design. There is greater potential for a portion of this property to be up-zoned to RS-3, allowing for higher densification. With its favourable demographics and robust real estate market, this site presents an exceptional opportunity for significant residential development. Don’t miss your chance to capitalize on the growing demand in Parksville!More details
Listed by Royal LePage Parksville-Qualicum Beach Realty (QU)
Amazing property with great potential to develop in the heart of Esquimalt. This building has 8 large 2 bedroom / 1 bathroom units, and is fully tenanted. Each unit has their own deck, natural gas fireplace, and skylights in each top floor unit. Perfect holding property to receive rental income while waiting to develop a larger multi-family building. Common laundry area, storage lockers and huge crawl space for storage. Units 1 and 5 have been renovated in 2021. Large above ground parking lot for 13 vehicles. Lots of green space for tenants to enjoy. A short walk into the heart of Esquimalt, and to the ocean. Close to schools, bus routes, groceries and shopping. Many of the neighbouring properties have been rezoned to allow for 10 to 26 story buildings.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
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
