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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1-12/98
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
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
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.
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
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, 2-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
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)
90 unit condo project in the popular Royal Bay area. Situated between the new traffic circle at Veterans Memorial and Wishart Road. The site is elevated and should offer views from many sides and floors of the building. The project is currently in rezoning application and fits within Colwood's new Latoria plan with zero variance requirements. In fact, further density may be an option under the new government legislation surrounding major bus stations.More details
This private care home presents a prime investment opportunity with development permit in place for significant expansion. The existing 19-unit facility has recently undergone extensive renovations, offering a modern & well-equipped space for residents. The 8,300 sq ft, 3-story building includes a commercial-grade kitchen, staff rooms, administrative offices, dining & common areas +19 units w/ ensuites. The adjoining unimproved lot for sale at 7005 East Saanich has a Development Permit in place to significantly expand the capacity of the care home for a 17,000+ sqft new building comprised of 68 more beds. The location is strategically positioned to meet the growing demand for senior care in this community with proximity to Sidney, one of North America's most desirable retirement communities. This offering is an ideal investment for larger corporations looking to expand operations on Southern Vancouver Island. Do not approach staff/tenants or tour site without listing agent present.More details
Welcome to an unparalleled investment opportunity in the heart of Parksville, where this premier 6-unit strata complex awaits savvy investors seeking exceptional returns. Nestled in the heart of Parksville, this brand-new development offers six meticulously crafted units, each boasting three bedrooms and four bathrooms. With quality finishes and spacious layouts, these units are primed to attract long-term tenants seeking comfort and luxury. With minimal upkeep required, you can maximize your returns while enjoying peace of mind. Strategically located steps away from the picturesque Englishman River and endless trails, this complex offers tenants unparalleled access to nature's wonders. Parksville's burgeoning rental market and strong demand for quality housing make this investment opportunity particularly compelling. Whether you're a seasoned investor or venturing into real estate for the first time, now is the time to capitalize on the potential of this dynamic market.More details
Listed by eXp Realty and Royal LePage Parksville-Qualicum Beach Realty (PK)
Enviable 3.38 acre potential DEVELOPMENT OPPORTUNITY neighbouring Royal Bay and commanding stunning views of Victoria, Juan de Fuca Strait and the Olympic Mountains. Sewer, Gas and Water are all in place to the lot lines. The property is not within the ALR, therefore agriculture is not recognized as the priority use and ready for numerous possibilities – the new development on Delora Drive borders this property providing a second road frontage. "Neighbourhood Hillside and Shoreline" areas are established neighbourhoods historically comprised largely of single-detached homes but some mixed development may be possible. Land use objective is the same as in the “Neighbourhood” land use designation. **Buyer must satisfy themselves as to the development potential**. In the heart of Colwood, this prime land is close to all level of schools and the peaceful Colwood Lagoon. The 55km picturesque Galloping Goose Trail runs through the area providing a natural walking and biking route.More details
