This 14-unit multifamily property at 1333 Pandora Avenue offers investors an exceptional opportunity in the heart of Victoria. Situated on a 13,085 square-foot corner lot within the Fernwood neighborhood, the asset features a well-maintained three-story building with recently renovated units and DP-approved plans for four additional dwellings. The current configuration includes six bachelor and eight one-bedroom units, complemented by surface parking for 20 vehicles, coin-operated laundry, and a robust infrastructure that includes an updated fire panel and two new hot water tanks. With five upgraded suites and electric baseboard heating costs covered by tenants, this property offers low operational overhead. The apartments enjoy below-market rents, creating significant value enhancement potential through repositioning. The approved development permit allows for three one-bedroom units and one two-bedroom unit to be added at grade without disturbing existing tenancies—a rare intensification opportunity in Victoria’s stable rental market. Positioned minutes from Downtown Victoria, the location ensures strong connectivity to employment hubs, retail corridors, schools, and public transit, with nearby parks and green spaces enhancing tenant appeal. This combination of in-place income, embedded potential for rent growth, and expansion certainty provides a compelling proposition for investors seeking long-term stability and upside.