Vera Eleanora Wille (1926-2017) and her husband Frank Wille (1925-2004) immigrated to Canada in 1953 from Germany, and established a successful car dealership business and amassed a real-estate portfolio. Their 9 children have decided to divest of 3 apartment buildings in Greater Victoria and release a large capital gain. Vera’s legacy has been recently celebrated at the Downtown Victoria YMCA with an exercise area named in her honour.
|Building||Address||Seller||Buyer||Sale Price||Lot Size||Age||Unit|
|Lady harley||3234 Quadra||Vera Wille||D.D. 3220 & 3234 QUADRA APARTMENTS LTD||$34,500,000||122,091||1973||141|
|Lord Harley||3220 Quadra||Vera Wille||—||—||—||—|
|Royal Beach||626 Dallas||Vera Wille||DANBAR 628 DALLAS APARTMENTS LTD||$8,250,000||13,937||1963||31|
The portfolio contained a large 2.8 acre property at Quadra & Tolmie in Saanich with two apartment buildings offering approximately 141 suites. The other property was located along the Dallas Road waterfront in Fairfield at 628 Dallas Road. Both transacted on October 22, 2018 for a total of $42,750,000 to a Vancouver based investor. The sale was brokered by CBRE.