Terrace Green Apartments presents a rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Victoria’s historic James Bay neighbourhood. This 60-unit, four-storey wood-frame building spans over 40,728 square feet of net rentable area and sits on a generous 40,560 square foot lot. Built in 1973 and meticulously maintained, the property has benefited from consistent capital upgrades and offers a diverse suite mix including bachelor, one-bedroom, two-bedroom, and three-bedroom units. The asset is ideally positioned just south of downtown Victoria, within walking distance to the BC Legislature, the Inner Harbour, and Beacon Hill Park. Residents enjoy easy access to transit, waterfront trails, and a vibrant mix of retail and cultural amenities. With a Walk Score of 90 and a Bike Score of 83, Terrace Green is a highly desirable address for renters seeking lifestyle and convenience. Financially, the property generates over $1 million in gross potential revenue with a 32% expense ratio and a strong mark-to-market upside of 72%. The current average rent per unit is significantly below market, offering investors a compelling value-add opportunity through turnover and repositioning. This is a turnkey investment in one of Victoria’s most sought-after rental submarkets, combining stable in-place income with long-term growth potential.