Property Overview

  • Status
    Sold - Pending Completion
  • Address
    Sarona Apartments
    1471-1475 Fort Street
    Victoria, BC
    Canada
  • Neighbourhood
    Rockland
  • # of Units
    29
  • # of Storeys
    3
  • Price
    Please Contact Listing Agents
  • Building Type
    Wood-Frame
  • Confidentiality Agreement
  • The Offering

    Cushman & Wakefield, on behalf of Lantern Properties Ltd, proudly presents Sarona Apartments located at 1471 & 1475 Fort Street, in the Rockland Neighbourhood of Victoria, BC.
     
    Sarona Apartments is comprised of two adjacent lots (1471 & 1475 Fort Street) each improved with a freestanding mid-century apartment block. There are 29 rental suites comprising an estimated 19,650 sf of rentable area between the two buildings. The Property is currently under head lease with the Vancouver Island Health Authority (“VIHA”), with leases expiring in June 2025 and September 2024, respectively. Proximity to the nearby Royal Jubilee Hospital is critical to their healthcare service. Lantern Properties has recently entitled 1475 Fort Street, which was slated for redevelopment in October of 2024. All 11 units are currently vacant. The development plan is to build 32 rental homes within a new apartment block. The Property is in the historic Rockland neighborhood of Victoria, surrounded by a range of amenities, including shops, restaurants, parks, and cultural attractions. Its tranquil streets and historic charm make it a sought-after residential area in the capital region.

     

     

    ALL OFFERS DUE BY MAY 28, 2024 AT 5:00 PM (PST)

    All interested parties are encouraged to execute and return the confidentiality agreement for access to property information including the Confidential Offering Memorandum ("COM") and  virtual data room.

    David Venance
    Executive Vice President

    David Venance

    Patrick Hannah
    Senior Associate

    Patrick Hannah

    Chris Harper
    Senior Associate

    Chris Harper

    Alex Priatel
    Associate

    Alex Priatel

    Property Location