LOFT 614 | WEST BAY · VICTORIA WEST – 11-unit income-producing apartment building offered at $2.8M in an exceptional Victoria West location near West Bay and the harbour waterfront. Suite mix includes 9 one-bedroom apartments approx. 600 SF each + 2 two-bedroom apartments approx. 750 SF each. Currently 9 occupied, 1 vacant and 1 under renovation, creating immediate lease-up and income-growth potential. 2025 reported NOI approx. $110,003, representing a 3.93% cap rate. Based on supplied scheduled rents and tax-adjusted expenses, illustrative full occupancy produces approx. $134,655 NOI / 4.81% cap. Approx. 7,446 SF building with 12 parking spaces reported, shared laundry, lockers and bike storage. LI-1 zoning with site-specific residential permission for 614 Esquimalt if constructed before Jan. 1, 1975. Income today. Upside tomorrow. Own a piece of Victoria West. Buyer to verify all information. Due diligence package available. (id:24212)
- Full Address:
- 614 Esquimalt Road, Victoria, British Columbia
- Price:
- $ 2,799,999
- MLS Number:
- 1051464
- List Date:
- October 2nd, 2026
- Neighbourhood:
- Victoria West
- Building Size:
- 7446 sq.ft.
- Lot Size:
- 12820 ac
- Year Built:
- 1969
- Taxes:
- $ 13,531
- Ownership Type:
- Freehold
Property Specifications
- Air Conditioning:
- None
- Heating:
- Baseboard heaters, Electric
Interior Features
- Building Size:
- 7446 sq.ft.
- Zoning:
- Unknown
- Garage Spaces:
- 12
Building Features
Floors
- View:
- City view, Ocean view
- Lot Size:
- 12820 ac
- Lot Features:
- Central location, Private setting, Irregular lot size, Other
Land
Neighbourhood Features
Ratings
Commercial Info
- Number of Units:
- 11
Location
Mortgage Calculator
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Neighbourhood Details
Agent: Sukh JohalBrokerage: Coldwell Banker Universe Realty
Phone: 604-783-4552
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