The Pacific Villa Apartments offers investors the opportunity to acquire a 12-suite cash-flowing apartment building centrally located in Esquimalt, BC, just minutes from Downtown Victoria. The building benefits from an excellent suite mix made up predominantly of large 2-bedroom suites (83%) designed to maximize rental revenue. A number of capital improvements have been completed including a newer roof, double glazed windows, balconies, boiler and hot water tank. The building is strategically located on Admirals Road between Esquimalt Road and Colville Road across from the Naval Base, which is now the largest employer in Esquimalt. The seaside location provides tenants with convenient access to transit as well as a host of tenant friendly services and amenities within walking distance.

+SUITE MIX DESIGNED TO MAXIMIZE RENTAL REVENUE: The suite mix is comprised of two 1-bedroom suites, two 2-bedroom suites and eight large 2-bedroom plus den suites

+ SIGNIFICANT RENTAL UPSIDE:CBRE has estimated there is 34%+ in rental upside, providing a new owner with the opportunity to continue with the Vendor’s proven value-add leasing strategy to grow cash flow and yield.

+ WELL MAINTAINED BUILDING: The building has been well maintained with newer roof, updated double glazed windows, balconies and newer boiler and hot water tank minimizing future capital expenditures.

+ STRONG FUNDAMENTALS: Canadian multi-family is one of the tightest property sectors in North America and the Esquimalt rental market is characterized by a growing housing under-supply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.