421 Vancouver St, Victoria
Fairfield West · Multi Family · MLS® 1029992 · Listed Apr 8, 2026
Spectacular location on the corner of Southgate & Vancouver Streets, in one of Canada's most desirable rental markets, FAIRFIELD WEST. Steps to BEACON HILL PARK, COOK STREET VILLAGE & the ICONIC DALLAS ROAD WATERFRONT. This 12 UNIT CHARACTER APARTMENT BUILDING has been meticulously maintained, extensively renovated & consistently updated by the owners over the past 2 decades, making this one of the finest turn-key buildings in the city! This opportunity has the core components Investors are looking for when purchasing this type of asset. Excellent Return On Investment, 5.59% CAP with current Market Rents, Income Stability, Low Vacancy Risk, Location & Market Demand, Building Condition, Operational Efficiency and Long Term Appreciation. GRD-1 Apartment Zone. 8 One-Bedroom, 1 One-Bedroom & Loft & 3 Bachelor Units all separately metered with their own Heat & Hot Water, 11 Suites have In-Unit Laundry & Tenants enjoy shared Lawn & Garden Area plus individual storage lockers & bike storage.
| Property Type | Multi Family |
| Lot Size | 7,361 sqft (0.17 acres) |
| Lot Features | Central Location, Corner Lot, Curb & Gutter, Easy Access, Landscaped, Level, Sidewalk |
| Year Built | 1912 |
| Heating | Baseboard |
| Exterior | Stucco |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Hardwood, Tile, Vinyl |
| Water | Municipal |
| Sewer | Sewer Connected |
| Taxes | $12,696 (2025) |
| MLS® # | 1029992 |
| Brokerage | DFH Real Estate Ltd. |
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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: Jul 4, 2026.
