5,545 sqft

$3,495,000

421 Vancouver St, Victoria BC, V8V 3T4

Price per sqftC$630.30

Built in1912

Property size5,545 sqft

Property typeCommercial

Courtesy of DFH Real Estate Ltd.

Overview

Active

Listed Apr 8, 2026

Updated May 29

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.

Additional information

MLS^® ID: 1029992

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $12,696
Tax Frequency: Annually

Courtesy of DFH Real Estate Ltd., Ron Cunningham

Listing Contact: 250-477-7291

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