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
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
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
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
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
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
