Off-market deal nets Victoria apartment portfolio for $23.6M

Portfolio comprises four buildings with total of 110 rental units

By
for Western Investor
January 2, 2020





DD-Victoria-four-apartment_portfolio

A four-building rental apartment portfolio in Victoria, totalling 110 units, has sold for $23.6 million, reports Colliers International.

Breakdown:

Property type: Multi-family rental portfolio

Locations: 639 Constance Avenue, 646 Admirals Road, 431 Michigan Street and 850 Rupert Terrace, Victoria, B.C.

Number of units (total): 110

Property size (total): 82,836 square feet

Land size (total): 1.92 acres

Zoning: R3-A1

List price: $23.6 million

Sale price: $23.6 million

Type of transaction: Off-market sale to investor

Date of sale: September 30, 2019

Brokerage: Colliers International, Victoria

Brokers: Ken Cloak, Grant Evans, Dominic Ricciuti, Robert Down and Dan Chatfield


Ken is associate vice president of Colliers' Victoria office.

Colliers International
1175 Douglas Street, Suite 1110
Victoria, BC V8W 2E1
Office: 250-888-9130

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