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Listed by Kane Ryan Pemberton Holmes Ltd.
$ 5,975,000
Est. payment /mo
New
1249 Rockland Ave Victoria, BC V8V 3X3
14,797 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,797 sqft
Price per Sqft $403
MLS Listing ID 1050878
HOA Y/N No
Annual Tax Amount $24,705
Tax Year 2026
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Multi Family
Property Description
The Laurels offers a rare opportunity to acquire one of Rockland's distinctive landmark properties, a 16-suite heritage apartment building on an approximately 32,746 sq. ft. corner site. Built circa 1889–90 as a residence for Robert and Mary Ward, the Queen Anne mansion later served as two schools before being converted to apartments. The property includes five bachelor, seven one-bedroom and four two-bedroom suites, with shared laundry, storage and on-site parking. High ceilings, decorative millwork and a grand central staircase preserve much of the home's original character. The expansive lawn fronting Rockland Avenue also offers potential future upside, with a subdivision application submitted exploring one or two smaller building lots while retaining The Laurels and substantial parking. Historically enjoying near-full occupancy, this is a unique opportunity to own an income-producing Rockland landmark with stable rental demand, long-term upside and an unbeatable location.
Location
Province BC
County Capital Regional District
Community Vi Rockland
Area Victoria
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 25.0
View Y/N No
Total Parking Spaces 25
Garage No
Others
Ownership Freehold
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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