The CBRE National Apartment Group- BC is pleased to present the opportunity to acquire a well maintained four-storey, 24-suite boutique rental apartment building centrally located in Esquimalt, in close proximity to a cross section of tenant friendly amenities and only a 10-minute drive to Downtown Victoria. The building is ideally situated on a quiet street and offers purchasers an attractive suite mix with significant upside in rents upon tenant turnover.

• Opportunity to acquire a 4 storey, 24 suite rental apartment building prominently located in a quite & safe residential neighbourhood and just 10 minutes from downtown Victoria, long regarded as one of the strongest rental markets in Canada;

• The building has been well maintained by the current owners and is comprised of a balanced suite mix of 12 spacious well-laid out 2-bedroom units and 12 1-bedroom units ideal for maximizing cash flow;

• Conveniently located in close proximity to grocery anchored shopping, an abundance of schools, parks and recreation and just steps from transit and a host of tenant friendly amenities;

• The building is set back on a large 24,480 square foot land parcel, providing excellent curb appeal and prime frontage onto Wychbury Avenue;

• Secure revenue stream as the building has been professionally managed and has historically enjoyed a 100% occupancy rate;

• With majority of the suites at below market rents averaging at $1.64/SF +/- there is a significant income upside opportunity to modernize suites on tenant turnover and release at market rents.