The CBRE National Apartment Group has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Columbia Apartments,” a fully leased, well-maintained 20-suite rental apartment building conveniently located in Greater Victoria in the Township of Esquimalt. The offering represents the opportunity for investors to acquire an apartment building with an excellent suite mix with significant upside potential to increase cash-flow and yield by moving rents to market on turnover. Furthermore, Esquimalt’s OCP is currently under review and the large 21,600 Sq. Ft. property may offer future redevelopment potential.
Located in the Township of Esquimalt, The Columbia Apartments is centrally located just minutes from Victoria’s vibrant downtown core, the Parliament Buildings and Victoria’s Inner Harbor. The City of Victoria is the capital of British Columbia and is located on the southern tip of Vancouver Island, overlooking the Strait of Juan de Fuca.
The property’s location also provides convenient access to Langford, one of Victoria’s fastest growing communities and benefits from being directly on public transportation providing tenants with transportation options for work and shopping. Furthermore, the property is situated directly across the street from Victoria’s infamous Galloping Goose Trail, a bicycle and pedestrian-friendly trail network connecting Langford and a number of other neighborhoods to downtown Victoria.