$9,950,000

Victoria BC, V8V 4C3

MLS® # 1017815

Property Information:

Devon Properties is pleased to present Fairview Manor - a 34-unit multi-family investment opportunity exceptionally located in the heart of Victoria’s coveted Fairfield neighbourhood. With sub-1.0% vacancy since 2023, below-market rents, and suite renovation potential, the property offers both immediate income and long-term value-add upside.Positioned on a prominent corner lot at 505 Su’it Street, Fairview Manor is just steps from Cook Street Village, Ross Bay, and other key urban amenities. This is a rare chance to acquire a stable, well-located asset in one of Victoria’s most in-demand rental communities.Access to the data room will be made available to qualified prospects upon execution of a Confidentiality Agreement.

Property Features:

Annual Tax Amount: $54,264
Floor Space (approx): 30166 Square Feet
Lot Frontage: 25970 Square Feet
Lot Size: 0.60 Acres
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: R3-AM-2

Courtesy of: Devon Properties

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 505 Su'it St, Victoria, BC, V8V 4C3

Lifestyle
Neighbourhood

Demographic Information of 505 Su'it St, Victoria, BC, V8V 4C3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$120,802.75

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.08 %

High school certificate or equivalent

26.35 %

Apprenticeship trade certificate/diploma

3.91 %

College/non-university certificate

16.99 %

University certificate (below bachelor)

2.35 %

University Degree

45.32 %

Commuter

Travel To Work

By Car

48.54 %

By Public Transit

9.7 %

By Walking

25.28 %

By Bicycle

7.64 %

By Other Methods

8.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

75.73 %

Houses

24.27 %

Own Vs. Rent