Located at the highly desirable intersection of Southgate and Vancouver Streets, this meticulously maintained character apartment building stands at the heart of Victoria’s prestigious Fairfield West neighborhood—one of Canada’s most sought-after rental markets. Enjoy immediate proximity to the scenic Dallas Road waterfront, Beacon Hill Park, and the vibrant Cook Street Village, delivering unmatched urban convenience and lifestyle appeal. Comprising 12 fully updated residential units, this income-generating property combines architectural charm with operational efficiency. Eleven suites feature in-unit laundry, and all units are separately metered for heat and hot water. Tenants benefit from a well-landscaped shared yard, garden areas, secure bike storage, and individual storage lockers. With major renovations and ongoing upgrades completed over the last two decades, investors can leverage a true turn-key asset offering a current market-driven CAP of 5.59% and historically low vacancy. Positioned in a GRD-1 Apartment Zone on a level corner lot, this asset represents an exceptional opportunity for long-term income stability and appreciation in a market defined by strong rental demand and tight supply. Whether retained as a stable cash-flowing investment or future redevelopment potential, this property aligns seamlessly with long-term portfolio growth objectives.