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Victoria 42-unit rental building sells for $10 million

The apartment building is in the James Bay neighbourhood near downtown. Sale was negotiated through the height of the initial COVID-19 outbreak
465 Niagara Street, Victoria

Property type: Multi-family rental

Location:465 Niagara Street, Victoria, B.C.

Number of units:42

Land size:26,210 square feet.

In acres:0.6

Zoning:R3-2

Date of sale:July 16, 2020

Sale price:$10 million

Brokerage:Colliers International, Victoria

Brokers:Ken Cloak, Grant Evans and Dominic Ricciuti