FOR SALE

Property Details

  • Storeys 6
  • Year Built 2024
  • Total Net Rentable Area 68,856 sf
  • Residential Units 105
  • Ownership Status Held in a bare trust – opportunity for a purchaser to save on property transfer tax
  • Pricing Guidance Contact listing agents

Overview

The Avison Young Multi-Family Team is proud to present Adelaide (the “Property”), a newly completed six-storey rental community in the heart of Esquimalt’s highly coveted West Bay waterfront. Built in 2024, this best-in-class property offers 105 modern rental units across a family-friendly mix of studio, 1, 2, & 3 bedroom units. Designed with a focus on quality, efficiency, and long-term durability, the project pairs contemporary living spaces with lifestyle-focused amenities, including a panoramic rooftop terrace with sweeping ocean and harbour views, outdoor saunas, games and entertainment areas, fireplaces, and extensive bike and vehicle parking. The Property offers a rare opportunity to acquire a brand-new rental building in one of Greater Victoria’s most desired rental markets, providing stable long-term cash flow supported by strong regional demand.

Property Highlights

Newly built 6-storey rental community with 105 units across a family-friendly mix of studios, 1, 2, and 3 bedrooms

Lifestyle amenities include a panoramic rooftop terrace, outdoor saunas, fireplaces, games areas, EV-ready parking, and bike facilities

Prime West Bay waterfront location steps to Songhees Walkway, marina, parks, boutique retail, and local dining
High-quality 2024 construction with quartz counters, stainless steel appliances, luxury vinyl plank flooring, and soft-close cabinetry

Strong rental demand with 98% occupancy and over 30% of tenants employed at nearby CFB Esquimalt

Strategic connectivity within 10 minutes of Downtown Victoria and CFB Esquimalt, two of Greater Victoria’s largest employment hubs

Location Map

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