Luxury Victoria Waterfront Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1029992
- Year Built:
- 1912
- Photos (54)
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Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Year built:
- 1912 (Age: 114)
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Vi Fairfield West, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 7,361 sq. ft.
- Taxes:
- Signup
- Building Features:
- Bike Storage, Fire Alarm, Shopping Nearby, Storage Room
- Construction:
- Stucco
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Number of Storeys:
- 3
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Hardwood, Tile, Vinyl
- Total Building Area:
- 5,545 sq. ft.
- Commercial Area:
- Signup
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Baseboard
- Fireplace:
- No
- Pending Date:
- Signup
- Balcony, Fencing: Partial
- Located on the corner of Vancouver St & Southgate St. Steps to Beacon Hill Park and minutes to Cook St Village & Downtown.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Victoria
- Legal Description:
- Signup
- Zoning:
- Apartment GRD-1
- Legal Non-Conformance:
- Yes
- Units in Building:
- Signup
- Units in Community:
- Signup
- Occupancy:
- Tenant
- Property Condition:
- Updated/Remodeled
- Lot Site Features:
- Central Location, Corner Lot, Curb & Gutter, Easy Access, Landscaped, Level, Sidewalk
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Apr 08, 2026
- Original Price:
- 3495000.0
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Facing Vancouver St. -
Along South Park St.
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On Vancouver St.
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Main entry of the building with individual unit mailboxes
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Main level foyer
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The Main staircase leading up from the entry
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Second Floor Hallway & stairs
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One Bedroom loft apartment on the first floor
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Loft unit living room
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Updated kitchen for the loft unit
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Updated kitchen
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Updated bathroom
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Patio for the loft unit
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One of the updated studio units
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Main living area of the studio unit
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Updated studio kitchen
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More studio kitchen
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Studio Kitchen
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Studio Bathroom
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The living room of an upper floor one bedroom unit
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Kitchen of the upper floor one bedroom unit
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Photo 22 of 54
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Photo 23 of 54
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Bedroom of the upper floor ne bedroom unit
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Bathroom of the upper floor unit
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Main Floor one bedroom unit completely renovated
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Beautifully updated kitchen of the ground floor unit
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all units but one have insuite laundry
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Bedroom of the one bedroom ground floor unit
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Photo 30 of 54
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Beautifully updated shower of a ground floor unit
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Fully updated electrical, individual meters for each unit and updated fire alarm system.
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Each unit has their own hot water tank
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Tenants share a communal back yard area
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Back yard looking toward the bike and unit storage shed.
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Common area rear yard
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Common bike storage for Tenants
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Individual storage lockers included for Tenants
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Double garage also provides additional monthly income
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Front of the building on Vancouver St.
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Front of the building on Vancouver St.
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Southgate St. side
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Rear of the building showing the area for future development
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Photo 44 of 54
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Photo 45 of 54
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Photo 46 of 54
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Photo 47 of 54
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Views toward the Cook St. Village and the Dallas Rd Waterfront
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Photo 49 of 54
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Dallas Road Waterfront within easy walking distance
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Beacon Hill Park Close-by
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Shopping Near-by in the Cook St. Village
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Coffee Shops Close-by
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Pubs and Restaurants of Cook St Village are within easy walking distance
Listed by DFH Real Estate Ltd.
Data was last updated April 12, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $2,499,000
- Min list price:
- $675,000
- Max list price:
- $6,000,000
- Avg days on market:
- 60
- Min days on market:
- 4
- Max days on market:
- 363
These statistics are generated based on the current listing's property type
and located in
Vi Fairfield West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email