1670 Fort St - Apartments FOR SALE


Victoria, BC V8R 1H9
$9,200,000 CAD
250-410-1991
1670 Fort St, Victoria, BC for Sale
$9,200,000 CAD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1670 Fort St
Victoria, BC V8R 1H9


HIGHLIGHTS

  • Wellington Manor offers stable in-place income with clear potential to increase rents over time in line with prevailing market trends.
  • The property consists of a well-balanced unit mix of 23 one-bedroom and 13 two-bedroom suites, appealing to a broad tenant base.
  • Eighteen suites have been renovated or upgraded since 2019, reducing near-term capital requirements for a new owner.
  • The building is located in the sought-after Jubilee neighbourhood, steps from major medical facilities, retail amenities, and transit.
  • The exterior renovations deliver a modern, mid-century aesthetic that enhances curb appeal and distinguishes the asset along Fort Street.
  • Zoning under R3-2 (Multiple Dwelling District) and an Urban Residential OCP designation support long-term multifamily use and value retention.

OVERVIEW

Wellington Manor is a four-storey, wood-frame, low-rise apartment building comprising 36 suites and situated on an approximately 30,797-square-foot lot at 1670 Fort Street in Victoria, British Columbia. Located in the highly desirable Jubilee neighbourhood, the property is surrounded by extensive amenities, including the Royal Jubilee Hospital, medical offices, schools, and grocery-anchored retail plazas, while also being just minutes from Victoria’s downtown core. Built in 1965, the building features a concrete foundation, Fort Street access and egress, and a gross building area of approximately 30,797 square feet. The exterior has been thoughtfully updated with a vibrant mid-century modern aesthetic, incorporating accent panels and modernized address signage that create a strong street presence. The suite mix includes twenty-three one-bedroom units and thirteen two-bedroom units, with 18 units renovated or upgraded since 2019. Additional features include common laundry facilities, extensive tenant storage options totaling 36 lockers, hot water baseboard heating via a gas boiler, and a 600-amp electrical service with 60 amps to each unit. With stable in-place income and future rental upside potential, Wellington Manor represents a compelling investment opportunity within Victoria’s resilient multifamily market.

FOR SALE DETAILS

PRICE

$9,200,000 CAD

PRICE/SF

$299 CAD /SF

# OF UNITS

36

PRICE/UNIT

$255,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wellington Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,198 SF

ZONING

R3-2: Multiple Dwelling

APN/PARCEL ID

003-903-451

ASK ABOUT THIS PROPERTY

Connor BraidJBW Commerical Inc.More Info
250-410-1991

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Connor BraidJBW Commerical Inc.More Info
250-410-1991

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