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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4026 Quadra St in Saanich: SE Lake Hill Multi Family for sale (Saanich East) : MLS®# 954096
Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. Current use is a near 100% rented 87 unit apartment building built in 1977 with a site coverage ratio of 26%. The apartment consists of 11 one bed, 6 studio, 3 three bed, 1 two bed + Den and 66 two bed units. The subject property is designated as part of a Neighborhood Centre under Saanich’s OCP. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: High Rise (up to 18 storeys) Townhouse (up to 3 storeys), Low-rise residential (up to 4 storeys), Mid-rise residential (up to 8 storeys), Live/work studios & Office (up to 8 storeys), Civic and institutional (generally up to 8 storeys) and Commercial and Mixed-Use (generally up to 8 storeys). Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.More details
Discover the pinnacle of North Nanaimo's real estate: a sprawling 29.16-acre parcel primed for development. Zoned Urban Reserve, it promises potential for 22+ dwellings, amid an area where neighboring lots fetch $500K+ for 6000sf. Rezoning options for multifamily or higher density amplify its allure, offering endless possibilities. Enhancing its appeal is a contemporary 5-bed, 4-bath home with a legal mortgage helper suite. Vendor financing could be an option for eligible buyers. Seize the opportunity to capitalize on this prime investment now! All measurements approximate, buyer to verify if fundamental to the purchaseMore details
The Avison Young Multi-Family Team is pleased to market for sale Glenn Acres Apartments located at 1023 Esquimalt Road, Esquimalt, BC. This well maintained 48-suite apartment building sits on a premier lot with frontage on Esquimalt Road, a major through fare providing easy access to Downtown Victoria and all other areas within the Capital Regional District.More details
Listed by Avison Young Commercial Real Estate Services, LP and Avison Young Commercial Real Estate Service
The subject property is the Malika apartment complex. The property is a three-level, walk-up, apartment building, constructed in 1959 with a total of 20 units. There are 6 studio units, 4 one-bedroom units, and 10 two-bedroom units. The property is situated in the residential neighborhood of Fernwood in the City of Victoria located within the Capital Regional District (CRD) on Vancouver Island. Based on the supported building types within the OCP designation, the property would potentially be suitable for future redevelopment with mid-rise residential with a building height up to six storeys. The subject property is classified as R3-2 Zone, Multiple Dwelling District in the City of Victoria Zoning Bylaw.More details
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. 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.
Schooner Bay Manor Manufactured Home Community (est. 1977) is nestled in beautiful Nanoose Bay, BC. This prime location has the serene quiet of the country with urban conveniences. The Red Gap Center hosts Quality Foods, Pharmacy, Bank, Post Office and others is just across street (Collins Crescent). Parksville is a 15 min drive; Nanaimo is 20 min. There are 99 occupied fully serviced lots. Each PAD contains a levelled home site with asphalt paved driveway, underground water and septic connections as well as underground electrical, telephone, and cable vision utilities. The main street going through the Community was re-paved 2014. The Hydro was upgraded from 60 amps to 100 amps in 2015. There are multiple septic systems (5 larger ones servicing 3-4 or 8-10 pads each) the remaining pads being serviced by independent systems.More details
Listed by RE/MAX Mid-Island Realty and Macdonald Commercial Real Estate Services Ltd.
Investment opportunity awaits with this enclave of 12 recently built duplex units, all fully leased with strong rental returns and minimal operating costs. Comprising four 2- bedroom, 1-bathroom plus den homes, six 2-bedroom, 1-bathroom residences, and two cozy 1-bedroom, 1-bathroom units, these properties promise enduring value. Step inside to discover contemporary finishes, spacious open-concept layouts, and an abundance of natural light, elevating your living experience. Constructed in 2021 and situated in the heart of Qualicum, mere blocks from the beach, golf courses, and downtown amenities, convenience and ocean side living converge seamlessly. Contact agent for more details and showing arrangements. Assumable mortgage $3.7M at 2.8%. This is a great time to take advantage of this rare chance to own a lucrative investment in beautiful Qualicum Beach, BC.More details
FIRST TIME ON MARKET! Single family owned and operated. This 25 unit apartment is located in the highly desireable Fairfield/Cook neighborhood. Offering quick access to downtown Victoria. Offering convenient access to shopping, bus service and ammenities. The property features a 14,400 sq ft corner lot, designated R2-AM-1 Multi Family and situated on the corner of Cook and Burdett. Building has been well maintained for its entire life. Grounds and gardens are well kept with new front walk. Laundry room includes coin operated machines. Bright and clean sunroom on rooftop with deck. 908 Cook Street offers an investor/developer a future redevelopement potential. This property offers significant rental upside for an investor through natural tenant turnover of mostly senior tenants.
An rare investment opportunity in one of Canada's most desireable real estate markets.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
OCEAN FRONT CONDO DEVELOPMENT PROPERTY! Register your clients for interest to receive information packages as final preparations for submission of building permit nears. This is the most exciting development site with daily, monthly, full time occupancy all approved and will become the most sought after properties on the West Coast of Vancouver Island. 2 Incredible Penthouses create an opportunity to have the most stunning views, huge patio, ne plus ultra finishings and all within 3 minutes walk to downtown Tofino -- Best of All Worlds!More details
Listed by Royal LePage Parksville-Qualicum Beach Realty (QU)
