1258 Yates Street

Victoria, BC

Centrally-Located 20-Unit Apartment Complex with Development Potential

CBRE Limited has been engaged by the Receiver through a Court-Order (the “Vendor”) to offer for sale 1258 Yates Street in Victoria, BC (the “Property”) — an exceptionally well-located 20-unit apartment building. Located blocks from Downtown Victoria, in the desirable rental neighbourhood of Fernwood, the ‘Malika Apartments’ is a 3-storey, 17,400 SF building, on 17,760 SF of land. The Property offers double exposure, with frontage on both Yates and Johnson Street, as well as 20 surface parking stalls, storage lockers and coin-op laundry. Tenants benefit from an extremely central location, steps from schools, parks, and a full range of amenities and transit options. Low vacancy rates and in-place rents that are well below market value provide investors significant income upside on tenant turnover.

17,400 SF Building | 17,760 SF Lot

Multi-Family

Contact Agents

Listing Agent: Ross Marshall (Personal Real Estate Corporation)

Contact Info: ross.marshall@cbre.com | 250 386 0004