Property Summary

  • Year Built 1969
  • Zoning R3-1 - Multiple Dwelling District
  • Residential Units 44
  • Bachelor 1 unit
  • 2 Bedroom 1 unit
  • 1 Bedroom 42 units
  • Annual Gross Revenue (Projected) $462,993
  • Price/Room $87,121
  • Price/Suite $261,364
  • Price $11,500,000

Devon Properties and Avison Young Victoria are pleased to present the rare opportunity to acquire Haida Apartments, a strategically located 44-unit rental apartment building located at 1165 Yates Street in Victoria, BC.

Positioned in the sought-after Upper Yates Street area of Fernwood, the property offers both exceptional accessibility and a desirable residential setting. Nestled just outside the downtown core, Haida Apartments provides residents with a quieter living environment while maintaining direct access to Victoria’s most vibrant amenity rich neighbourhoods, including Downtown Victoria, Fairfield, Rockland, and Harris Green.

This four-storey building comprises primarily large one-bedroom suites, with in-place rents below market, presenting rental upside on unit turnover and additional income potential through unit renovations and common area upgrades. The property’s strong walk, bike, and transit scores of, underscore its unmatched connectivity to grocery stores, shops, restaurants, parks, and more.

Team

Dave Bornhold
Dave Bornhold
Personal Real Estate Corporation, Managing Broker, Senior Vice President
Avison Young

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