Greater Victoria Multifamily Transaction Statistics 2020
MULTIFAMILY
APARTMENT BLOCK SALES
Apartments account for the majority of the housing stock (67.5%). Due to the age of our existing stock (majority 60’s/70’s) and increasing demand for rental housing, new rental housing development has surpassed that of strata developments in 2018.
Victoria is one of the hottest markets in the country for investing in multifamily rental apartment buildings.
MULTIFAMILY
APARTMENT BLOCK SALES
Apartments account for the majority of the housing stock (67.5%). Due to the age of our existing stock ( majority 60’s/70’s) and increasing demand for rental housing, new rental housing development has surpassed that of strata developments in 2018.
Victoria is one of the hottest markets in the country for investing in multifamily rental buildings.
Interactive Sold Map of Apartment Buildings
Map of investment sales of apartment buildings for
2017, 
2018, and 
2019 
2020
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on Google map viewer below to change layers. Toggle sales by year. For more information on any particular transaction, please contact Dustin Miller.
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Apartment Building
Marketing & Sales
$256,800
Avg. Price Per Door
22
Buildings Transacted
1,090
Rental Suites Transacted
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Apartment Building Sales
Capital Region
A comprehensive list and map of multi-family apartment block transactions in Greater Victoria. The sale information is provided as a general guide only and may not capture every sale.
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List of multifamily transactions
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| Address | Muncipality | Suites | Price | $/Unit | Cap Rate % | Year |
|---|---|---|---|---|---|---|
| 710 Vancouver St | Victoria, BC | 52 | 14,500,000 | 2021 | ||
| 23 Menzies | Victoria, BC | 9 | 1,675,000 | 3.38% | 2021 | |
| 1841 Oak Bay Ave | Oak Bay, BC | 36 | 9,970,000 | 3.39% | 2021 | |
| 647 Niagara | Victoria, BC | 7 | 2,200,000 | 2021 | ||
| 1595 Rockland Ave | Victoria, BC | 11 | 3,611,500 | 2021 | ||
| 418 Michigan St | Victoria, BC | 32 | 8,200,000 | 256,250 | 3.25% | 2021 |
| 1004 Pemberton Rd | Victoria, BC | 6 | 1,850,000 | 308,333 | 4.44% | 2021 |
| 1002 Pakington St | Victoria, BC | 14 | 4,175,000 | 298,214 | 2021 | |
| 1160 Richardson St | Victoria, BC | 6 | 1,665,000 | 277,500 | 2021 | |
| 133 Cook St | Victoria, BC | 4 | 1,552,000 | 388,000 | 2021 | |
| 1860 Cresent Rd | Victoria, BC | 8 | 3,675,000 | 459,375 | 2.57% | 2021 |
| 367 Burnside Rd E | Victoria, BC | 5 | 1,337,500 | 267,500 | 2021 | |
| 2160 Haultain St | Oak Bay, BC | 7 | 2,025,000 | 289,286 | 2021 | |
| 1860 Cresent Rd | Victoria, BC | 8 | 3,675,000 | 459,375 | 2.57% | 2021 |
| 2691 Peatt Rd | Langford, BC | 6 | 2,300,000 | 383,333 | 2021 | |
| 1301 Pandora Ave | Victoria, BC | 13 | 2,750,000 | 211,538 | 2021 | |
| 504 Selkirk Ave | Victoria, BC | 6 | 1,365,000 | 227,500 | 2020 | |
| 1004 Pemberton Road | Victoria, BC | 6 | 1,850,000 | 308,333 | 2021 | |
| 1026 Pemberton Road | Victoria, BC | 6 | 1,200,000 | 200,000 | 2020 | |
| 2691 Peatt Road | Langford, BC | 6 | 2,300,000 | 383,333 | 2021 | |
| 1154 Johnson St | Victoria, BC | 48 | 20,500,000 | 427,083 | 2020 | |
| 1910 West Park Lane | View Royal, BC | 152 | 39,635,525 | 260,760 | 2020 | |
| 837 Ellery St | Esquimalt, BC | 40 | 7,600,000 | 190,000 | 2020 | |
| 1430 Stadacona Ave | Victoria, BC | 44 | 11,178,000 | 254,045 | 2020 | |
| 1955 Ashgrove St | Victoria, BC | 42 | 9,522,000 | 226,714 | 2020 | |
| 945 Reunion Ave | Langford, BC | 154 | 60,000,000 | 389,610 | 2020 | |
| 2861 Craigowan Rd | View Royal, BC | 161 | 54,000,000 | 335,404 | 2020 | |
| 1085 Goldstream Ave | Langford, BC | 166 | 52,050,000 | 313,554 | 2020 | |
| 650 Speed Ave | Saanich, BC | 24 | 3,750,000 | 156,250 | 2020 | |
| 1015 Cook St | Victoria, BC | 5 | 1,300,000 | 260,000 | 2020 | |
| 101 Menzies St | Victoria, BC | 12 | 2,650,000 | 220,833 | 2020 | |
| 1369 Rockland Ave | Victoria, BC | 9 | 2,000,000 | 222,222 | 2020 | |
| 465 Niagara St | Victoria, BC | 42 | 10,000,000 | 238,095 | 2020 | |
| 520 Rithet St | Victoria, BC | 36 | 6,400,000 | 177,778 | 2020 | |
| 1140 Tattersall Dr | Saanich, BC | 7 | 1,500,000 | 214,286 | 2020 | |
| 202 Linden Avenue | Victoria, BC | 10 | 3,700,000 | 370,000 | 3.32% | 2020 |
| 7701 East Saanich Rd | Central Saanich, BC | 10 | 3,100,000 | 310,000 | 4.14% | 2020 |
| 841 Kindersley Rd | Esquimalt, BC | 11 | 2,025,900 | 184,173 | 4.30% | 2020 |
| 235 Cook St | Victoria, BC | 12 | 3,750,000 | 312,500 | 3.38% | 2020 |
| 803 Esquimalt Road | Esquimalt, BC | 27 | 5,600,000 | 207,407 | 4.20% | 2020 |
| 4050 Douglas St | Saanich, BC | 20 | 4,490,000 | 224,500 | 2020 | |
| 2705 Cook Street | Victoria, BC | 13 | 3,300,000 | 253,846 | 2.30% | 2020 |
| 2850 Bryn Maur Rd | Langford, BC | 93 | 30,525,000 | 328,226 | 2020 | |
| 805 Cook Street | Victoria, BC | 21 | 4,300,000 | 204,762 | 2.47% | 2019 |
| 1711 Duchess St | Victoria, BC | 16 | 2,850,000 | 178,125 | 2019 | |
| 450 Dallas Road | Victoria, BC | 73 | 24,000,000 | 328,767 | 2019 | |
| 830 Pembroke St | Victoria, BC | 42 | 11,000,000 | 261,905 | 4.06% | 2019 |
| 250 Oswego St | Victoria, BC | 21 | 5,150,000 | 221,432 | 2019 | |
| 283 Michigan St | Victoria, BC | 10 | 3,350,000 | 335,000 | 2019 | |
| 430 Michigan St | Victoria, BC | 44 | 9,743,000 | 221,432 | 2019 | |
| 850 Rupert Terrace | Victoria, BC | 24 | 5,873,000 | 244,708 | 2019 | |
| 1205 Rudlin Street | Victoria, BC | 13 | 3,175,000 | 244,231 | 3.62% | 2019 |
| 1163 View St | Victoria, BC | 8 | 1,200,000 | 150,000 | 2019 | |
| 335 St James St | Victoria, BC | 93 | 22,700,000 | 244,086 | 2019 | |
| 635 Battery St | Victoria, BC | 11 | 3,000,000 | 272,727 | 4.90% | 2019 |
| 370 Richmond Ave | Victoria, BC | 6 | 1,990,000 | 331,667 | 3.40% | 2019 |
| 505 Trutch Street | Victoria, BC | 34 | 8,000,000 | 235,294 | 3.99% | 2019 |
| 11 Paddon Ave | Victoria, BC | 32 | 9,325,000 | 291,406 | 2019 | |
| 260 Michigan St | Victoria, BC | 24 | 6,525,000 | 271,875 | 2019 | |
| 1121 Collinson St | Victoria, BC | 4 | 1,500,000 | 375,000 | 2019 | |
| 582 St. Charles St | Victoria, BC | 5 | 2,000,000 | 400,000 | 2019 | |
| 1585 Oak Bay Ave | Victoria, BC | 13 | 3,150,000 | 242,308 | 2019 | |
| 1550 Begbie St | Victoria, BC | 12 | 2,715,430 | 226,286 | 2019 | |
| 1144 Rockland Ave | Victoria, BC | 45 | 11,000,000 | 244,444 | 2019 | |
| 69 Burnside Road West | Saanich, BC | 16 | 2,927,784 | 182,987 | 4.70% | 2019 |
| 433 Boleskine Road | Saanich, BC | 95 | 32,700,000 | 344,211 | 2019 | |
| 944 Tattersall Dr | Saanich, BC | 12 | 2,368,750 | 197,396 | 4.12% | 2019 |
| 2100 Cadboro Bay Rd | Oak Bay, BC | 16 | 3,300,000 | 206,250 | 2019 | |
| 2180 Haultain St | Oak Bay, BC | 11 | 3,500,000 | 318,182 | 4.69% | 2019 |
| 646 Admirals Road | Esquimalt, BC | 23 | 4,394,000 | 191,043 | 2019 | |
| 639 Constance Ave | Esquimalt, BC | 19 | 3,435,500 | 180,816 | 2019 | |
| 850 Admirals Road | Esquimalt, BC | 20 | 4,000,000 | 200,000 | 4.10% | 2019 |
| 901 Esquimalt Road | Esquimalt, BC | 18 | 7,000,000 | 388,889 | 2019 | |
| 1177 Esquimalt Rd | Esquimalt, BC | 11 | 1,900,000 | 172,727 | 4.94% | 2019 |
| 831 Dunsmuir Road | Esquimalt, BC | 85 | 19,100,000 | 224,706 | 3.70% | 2019 |
| 1253 Esquimalt Rd | Esquimalt, BC | 21 | 3,325,000 | 158,333 | 2019 | |
| 612 Fernhill Rodad | Esquimalt, BC | 8 | 1,825,000 | 228,125 | 3.16% | 2019 |
| 713 Treanor Ave | Langford, BC | 132 | 42,250,000 | 320,076 | 2019 | |
| 301 Nursery Hill Dr. | View Royal, BC | 72 | 26,500,000 | 368,056 | 2019 | |
| 765 Hockley Avenue | Langford, BC | 63 | 21,024,555 | 333,723 | 2019 | |
| 790 Hockley Ave | Langford, BC | 24 | 6,608,400 | 275,350 | 4.28% | 2019 |
| 784 Hockley Ave | Langford, BC | 29 | 8,361,674 | 288,334 | 4.76% | 2019 |
| 778 Hockley Ave | Langford, BC | 33 | 9,578,616 | 290,261 | 4.59% | 2019 |
| 772 Hockley Ave | Langford, BC | 20 | 6,495,145 | 324,757 | 4.34% | 2019 |
| 777 Hockley Ave | Langford, BC | 30 | 9,223,000 | 307,433 | 4.65% | 2019 |
| 2766 Claude Road | Langford, BC | 90 | 31,300,000 | 347,778 | 2019 | |
| 2699 Peatt / 728 Meaford Ave | Langford, BC | 187 | 57,000,000 | 304,813 | 2019 | |
| 7088 Wallace Dr | Central Saanich, BC | 34 | 6,700,000 | 197,059 | 3.97% | 2019 |
| 9960 Third St | Sidney, BC | 8 | 2,278,498 | 284,812 | 2019 | |
| 645 Battery St | Victoria, BC | 4 | 1,250,000 | 0 | 2018 | |
| 636 Simcoe St | Victoria, BC | 4 | 1,246,250 | 311,563 | 2018 | |
| 1148 Oscar St | Victoria, BC | 9 | 1,775,000 | 197,222 | 2018 | |
| 1044 Hillside Ave | Victoria, BC | 8 | 2,400,000 | 300,000 | 2018 | |
| 2220 Cook St | Victoria, BC | 10 | 1,100,000 | 110,000 | 2018 | |
| 217 Cook St | Victoria, BC | 6 | 2,250,000 | 375,000 | 2018 | |
| 1131 Collinson St | Victoria, BC | 6 | 2,175,000 | 362,500 | 2018 | |
| 920 Hillside Ave | Victoria, BC | 12 | 3,200,000 | 266,667 | 2018 | |
| 531 Linden Ave | Victoria, BC | 4 | 1,800,000 | 450,000 | 2018 | |
| 819 Yates St | Victoria, BC | 209 | 0 | 0 | 2018 | |
| 959 Balmoral Rd | Victoria, BC | 14 | 975,000 | 69,643 | 2018 | |
| 1050 Pandora Ave | Victoria, BC | 11 | 8,430,330 | 766,394 | 2018 | |
| 2566 Prior St | Victoria, BC | 4 | 1,200,000 | 300,000 | 2018 | |
| 647 Niagara St | Victoria, BC | 7 | 1,650,000 | 235,714 | 2018 | |
| 820 Fisgard St | Victoria, BC | 31 | 920,000 | 29,677 | 2018 | |
| 2010 Fernwood Rd | Victoria, BC | 6 | 2,000,000 | 333,333 | 2018 | |
| 85 Burnside Rd W | Saanich, BC | 12 | 2,850,000 | 237,500 | 2018 | |
| 2180 Haultain St | Oak Bay, BC | 11 | 2,300,000 | 209,091 | 2018 | |
| 611 Admirals Rd | Esquimalt, BC | 25 | 4,150,000 | 176,000 | 2018 | |
| 691-697 Hoylake Rd | Langford, BC | 148 | 0 | 0 | 2018 | |
| 9972 Third St | Sidney, BC | 12 | 1,167,000 | 92,250 | 2018 | |
| 925 Esquimalt Rd | Esquimalt, BC | 46 | 8,493,495 | 184,641 | 2018 | |
| 843 Craigflower | Esquimalt, BC | 47 | 8,783,945 | 186,892 | 2018 | |
| 866 Craigflower | Esquimalt, BC | 73 | 13,761,144 | 188,509 | 2018 | |
| 3220 Quadra | Saanich, BC | 142 | 34,500,000 | 242,958 | 2018 | |
| 626 Dallas | Victoria, BC | 31 | 8,250,000 | 266,129 | 2018 | |
| 1340 Sussex | Esquimalt, BC | 39 | 7,246,416 | 185,806 | 2018 | |
| 2433 Malaview | Sidney, BC | 60 | 14,400,000 | 240,000 | 2018 | |
| 713-715 Treanor Ave | Langford, BC | 132 | 42,250,000 | 320,076 | 2018 | |
| 467 Lampson St | Esquimalt, BC | 39 | 7,225,000 | 185,256 | 2018 | |
| Muncipality | Suites | $/Unit | Cap Rate % | Year | ||
| ∑ = 4,176 | ∑ = 1,057,843,357 | ∑ = 29,779,549 | ||||
| Avg = 35.09 | Avg = 8,889,439.97 | Avg = 261,224.11 |
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