131-139 Menzies St, Victoria
James Bay · Unimproved Land · MLS® 1036055 · Listed May 7, 2026
131, 135 & 139 Menzies Street offers the opportunity to acquire a fully entitled multifamily development site in Victoria’s James Bay neighbourhood. The ±13,389 SF consolidated site is rezoned and development permit approved for a 4-storey, 43-unit rental apartment building with one ground-floor commercial unit, totaling approximately 29,531 SF of gross building area. The project is BP ready and remains under the previous building code, providing potential construction cost savings and allowing for near-term development. The approved unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units designed to support Victoria’s growing rental housing demand. Located within walking distance of Downtown Victoria, the Inner Harbour, Dallas Road waterfront, grocery stores, restaurants, and transit, the property is well positioned in one of Victoria’s most established and walkable neighbourhoods
| Property Type | Unimproved Land |
| Lot Size | 13,389.23 sqft (0.31 acres) |
| Taxes | $12,874.99 (2025) |
| MLS® # | 1036055 |
| Brokerage | Colliers |
Similar properties sold within 6 months
James Bay all property types averages, updated daily. See James Bay market stats or Victoria market stats.
It is listed at $3,900,000.
The lot is 13,389.23 sqft (0.31 acres).
Victoria is currently a seller's market: median sold price $833,950, 3.3 months of inventory, homes typically selling in about 42 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 14, 2026.
