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Listing by Marc Foucher Colliers
$ 7,650,000
Est. payment | /mo
1 SqFt
$ 7,650,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $7,650,000
MLS Listing ID 1050998
HOA Y/N No
Annual Tax Amount $42,634
Tax Year 2026
Property Sub-Type Multi Family
Property Description
Pleased to offer for sale Rockheights Villa, a 31-unit value-add apartment building in Esquimalt featuring a highly desirable suite mix of 28 two-bedroom suites and 3 one-bedroom suites. Generous surface parking accommodates both tenants and visitors, enhancing convenience and tenant appeal. Current average rents are below $1,400 per month, providing meaningful rental upside as suites turn over. Additional revenue opportunities may also exist through the conversion of the existing manager's office and/or storage areas into additional residential suites, as well as the potential conversion of the large, decommissioned pool room into multiple units. Ideally situated in Esquimalt, the property offers immediate access to shopping, restaurants, services, and major transportation routes. Its proximity to key commercial areas, employment centres, and everyday amenities supports strong long-term rental demand and provides a stable investment opportunity.
Location
Province BC
County Capital Regional District
Community Es Esquimalt
Area Esquimalt
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”
Nearby Locations
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301-1321 Blanshard Street Victoria, British Columbia V8W 0B6