1527 Fort St - Apartments FOR SALE


Victoria, BC V8S 1Z7
$6,495,000 CAD
250-386-0005
1527 Fort St, Victoria, BC for Sale
$6,495,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1527 Fort St
Victoria, BC V8S 1Z7


HIGHLIGHTS

  • Fully renovated, condo-quality apartment building in Rockland.
  • 17 suites with luxury finishes and quartz countertops.
  • Strong 4.5% cap rate with upside on eight units.
  • Recent upgrades include roof, elevator, and boiler.
  • Prime location near Oak Bay Junction and Downtown Victoria.
  • Steps from Stadacona Centre and Oak Bay Junction; close to Downtown Victoria, Oak Bay, and Royal Jubilee Hospital.

OVERVIEW

Hilltop House at 1527 Fort Street presents a rare opportunity to acquire a fully renovated, 17-suite apartment building in Victoria’s prestigious Rockland neighborhood. This turnkey asset combines timeless architecture with modern upgrades, offering investors peace of mind with no deferred capital expenditures. Each suite boasts condo-quality finishes, including quartz countertops and premium appliances, ensuring strong tenant appeal and retention. Recent improvements—such as a new torch-on roof, upgraded elevator cab, and tankless hot water system—underscore the property’s exceptional condition. Strategically positioned steps from Oak Bay Junction, Hilltop House provides residents with unmatched access to boutique shops, cafes, and essential services, while Downtown Victoria and Oak Bay are just minutes away. The property benefits from excellent transit connectivity and proximity to Royal Jubilee Hospital, reinforcing its desirability among professionals and long-term renters. With a strong going-in yield of 4.5% and eight suites offering rental growth potential, this investment promises both stability and upside in one of Victoria’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$6,495,000 CAD

PRICE/SF

$696 CAD /SF

# OF UNITS

17

PRICE/UNIT

$382,059

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,493 SF

ZONING

R3-AM-2

APN/PARCEL ID

000-765-929

ASK ABOUT THIS PROPERTY

Chris RustCBRE, LimitedMore Info
250-386-0005

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Chris RustCBRE, LimitedMore Info
250-386-0005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.