Montrose Apartments

Victoria, British Columbia

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Building

Stats

  • Property Type Multifamily - Low-Rise/Garden
  • Year built 1914
  • Building size (SF) 17,391
  • Size (Ac) 0.17
  • Price $8,200,000 CAD

Overview

The Avison Young Multi-Family Team is pleased to market

for sale Montrose Apartments, located at 1114 Blanshard Street in Victoria, BC (the “Property”). The Property is a character-rich building extremely well-located in the heart of Downtown Victoria. Montrose Apartments features retail uses at grade with residential rental units above. An abundance of shopping, restaurants, services, and public transit options are within walking distance to the Property. This is an excellent opportunity for an investor to acquire an income producing asset with significant potential for rental upside and value add opportunity.

Highlights

Twenty-one (21) residential rental

apartment units

Six (6) fully leased commercial retail units

Commercial leases are triple net

10 residential rental suites have been fully

renovated
Potential for rental upside (residential and

commercial)

Opportunity to generate storage revenue

Held in a bare trust (opportunity for

significant property transfer tax savings)

Location Map

Team

Carey Buntain

Principal
Avison Young
+1 604 647 1352

Megan Low

Associate
Avison Young
+1 604 646 8389

Chris Wieser

Principal
Avison Young
+1 604 647 5089

Downloads

Brochure

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