Dunsmuir House
831 Dunsmuir Road, Esquimalt, BC
FOR SALE
Property Details
- Lot Size 74,600 sf (1.71 acres)
- Zoning RM-4
- Land Use Designation OCP - Medium Density Residential | FAR of up to 2.0, and up to 6-storeys in Height
- Year Built 1968
- Storeys 4
- Units 85
- Suite Mix 1-Bed: 33 | 2-Bed: 49 | 3-Bed: 3
- Net Rentable Area 75,176 sf
- Parking Underground: 54 | Surface: 53
- Pricing Guidance Contact Listing Agrents
Opportunity
The Avison Young Multi-Family Team is excited to market for sale Dunsmuir House, located at 831 Dunsmuir Road, Esquimalt, BC (the “Property”). This extremely well-maintained and upgraded 85-unit rental apartment building is ideally located in the West Bay neighborhood, steps from the Songhees-Walkway (Seawall connecting to Inner Harbour) and adjacent to Barnard Park. This offering is ideal for investors looking for scale with a proven renovation program in place resulting in tremendous income growth on an expansive 1.71-acre oceanfront lot in one of BC’s strongest rental markets.
Investment Highlights
Large-scale 85-unit oceanfront rental building on 1.71 acres of land
Majority two-bedroom suites offering substantial rental upside
Held in a Bare Trust – potential for PTT savings
Proven renovation program in place (28 units have been fully renovated)
Significant capital improvements and upgrades completed by current ownership
Low vacancy rate of 1.5% (CMHC Fall 2024 – Esquimalt)
