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Listing by Marc Foucher Colliers
$ 18,500,000
Est. payment | /mo
35,293 SqFt
$ 18,500,000
Est. payment | /mo
35,293 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 35,293 sqft
Price per Sqft $524
MLS Listing ID 1034497
HOA Y/N No
Year Built 2020
Annual Tax Amount $76,011
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Hatley Apartments presents a rare opportunity to acquire a newer purpose-built multifamily rental asset in the heart of Colwood's rapidly growing Westshore community. Built in 2020 and comprising 48 well-designed rental suites, the property offers stable in-place income with significant future upside as the affordability covenant expires in October 2030.
Set directly adjacent to protected green space and moments from Colwood Corners, Esquimalt Lagoon, Royal Roads University, Department of National Defense Lands, recreation amenities, and major arterial routes, the property delivers long-term rental demand driven by a growing workforce, strong regional fundamentals, and limited new supply. With construction costs and development charges continuing to rise, Hatley Apartments provides investors with the opportunity to secure a high-quality, newer asset below replacement cost, supported by forward population growth and increasing demand for well-located rental housing.
Set directly adjacent to protected green space and moments from Colwood Corners, Esquimalt Lagoon, Royal Roads University, Department of National Defense Lands, recreation amenities, and major arterial routes, the property delivers long-term rental demand driven by a growing workforce, strong regional fundamentals, and limited new supply. With construction costs and development charges continuing to rise, Hatley Apartments provides investors with the opportunity to secure a high-quality, newer asset below replacement cost, supported by forward population growth and increasing demand for well-located rental housing.
Location
Province BC
County Capital Regional District
Community Co Hatley Park
Area Colwood
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
Nearby Locations
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301-1321 Blanshard Street Victoria, British Columbia V8W 0B6