Property Overview
-
Status
Sold -
Address
Viscount Manor
950 Rockland Avenue
Victoria, BC
Canada -
# of Units
41 -
# of Storeys
4 -
Year Built
1964 -
Lot Size
21,058 SQFT -
Zoning
CHP‑R3 -
Price
$12,250,000 -
Building Type
Wood-Frame -
SOLD
Viscount Manor | 950 Rockland Avenue, Victoria
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The Offering
Cushman and Wakefield’s BC Multifamily Team has successfully sold Viscount Manor, a 41‑suite multifamily asset located at 950 Rockland Avenue in Victoria’s prestigious Rockland neighbourhood. This is one of Victoria’s most established and sought‑after residential enclaves, offering a rare combination of stable in‑place income, clear mark‑to‑market rent upside, and exceptional tenant appeal.
Positioned steps from Downtown Victoria, the Inner Harbour, Pioneer Square, and Cook Street Village, Viscount Manor provides residents with peaceful, tree‑lined living alongside premium urban convenience. The property’s strong occupancy, consistent rental performance, and professional management make it a compelling investment opportunity.
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Investment Highlights
- Desirable Rockland downtown-adjacent location with durable rental demand and tenant appeal
- Strong in-place income will support CMHC financing at approximately 75%+ LTV
- Share sale structure allows buyers to capture potential Property Transfer Tax savings
- Professionally asset and property managed
- Clear income growth potential by continuation of the proven renovation strategy for the remaining 24 unrenovated suites
Gallery
