Casa Verde 1069 Southgate St 12 Unit Apartment Building For Sale Victoria, BC V8V 2Z1

Casa Verde, located at 1069 Southgate Street in Victoria’s coveted Cook Street Village, presents a rare opportunity to acquire a meticulously maintained 12-suite vintage apartment building in one of the city’s most desirable rental markets. Owned and cared for by the same party for 47 years, this three-story walk-up blends timeless architectural character with thoughtful upkeep, offering investors a stable, fully occupied asset with significant upside potential.
The building comprises ten spacious one-bedroom suites averaging 870 square feet and two studio units. Eight of the suites retain original softwood flooring, and many feature restored vintage fixtures that enhance the building’s charm. With current rents sitting approximately 61% below market, new ownership stands to benefit from substantial income growth through natural tenant turnover.
Strategically positioned steps from Beacon Hill Park and the vibrant retail and dining scene of Cook Street Village, Casa Verde offers tenants unmatched access to lifestyle amenities and transit. The property includes secure bike storage, seven large storage lockers, two rented garages, and three off-street parking stalls. Infrastructure highlights include a torch-on membrane roof (2008), radiant hot water heating, and separately metered hydro.
This is a rare opportunity to acquire a legacy asset in a high-demand rental corridor with long-term value and repositioning potential.