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Investment Highlights

  • Fully occupied 18-unit apartment building in Victoria's South Jubilee neighborhood.
  • Located along a major transit corridor with access to Downtown Victoria and UVic.
  • Includes seller-owned laundry facilities, storage lockers, and on-site parking.
  • Walking distance to Royal Jubilee Hospital, grocery stores, and daily services.
  • Features separately metered hydro for most units and natural gas heating.
  • Situated within a mature rental market near the Oak Bay boundary.

Executive Summary

Ashford Court is an 18-unit apartment building located at 1760 Fort Street in Victoria’s South Jubilee neighborhood, near the Oak Bay boundary. The property offers investors the opportunity to acquire a fully occupied rental asset within one of Victoria’s most established residential districts. The building is situated on a ±13,960-square-foot site and features a mix of primarily two-bedroom suites, supporting broad tenant appeal and long-term rental demand.
The property's location contributes significantly to its investment profile. Positioned along a major transit corridor, Ashford Court provides convenient access to downtown Victoria, the University of Victoria, and Camosun College. Residents benefit from walkable access to daily amenities including grocery stores, restaurants, cafes, pharmacies, and recreational facilities. Royal Jubilee Hospital is located within walking distance, providing a major nearby employment anchor and supporting consistent housing demand in the area.
Operationally, the asset features separately metered hydro for most units, natural gas hot water radiant heating, on-site laundry facilities with seller-owned equipment, storage lockers, and surface parking for residents and visitors. The building reports 100% occupancy and includes 14 paved parking stalls and 17 storage lockers. Investors may also recognize potential income growth through future tenant turnover where rents may be adjusted to market conditions in accordance with applicable regulations.
Victoria continues to experience limited rental housing supply and sustained demand from healthcare, education, government, and service-sector employment bases. Ashford Court combines a central location, stable occupancy, and established tenancy within a mature urban neighborhood.

Property Facts

Price $3,449,277 USD
Price Per Unit $191,627 USD
Sale Type Investment
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.32 AC
Building Size 16,073 SF
No. Stories 4
Year Built 1964
Zoning CVD-1 - Community Village District

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -
1+1 2 - -
2+1 15 - -
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
  • Listing ID: 38455029

  • Date on Market: 11/14/2025

  • Last Updated:

  • Address: 1760 Fort St, Victoria, BC V8R 1J4

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