About 421 Vancouver St
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.
Features of 421 Vancouver St
| MLS® # | 1029992 |
|---|---|
| Price | $3,495,000 |
| Square Footage | 5,545 |
| Acres | 0.17 |
| Year Built | 1912 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 421 Vancouver St |
|---|---|
| Area | Vi Fairfield West |
| City | Victoria |
| County | Capital Regional District |
| Province | BC |
| Postal Code | V8V 3T4 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior Features | Balcony, Fencing: Partial |
|---|---|
| Construction | Stucco |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | April 8th, 2026 |
|---|---|
| Days on Market | 155 |
| Zoning | Apartment GRD-1 |
Listing Details
| Office | DFH Real Estate Ltd. |
|---|