- For Sale $18,500,000
- Property Type Other
- Property Size 20,020 SF
- Date Updated Jul 31, 2025
Avison Young is pleased to present the opportunity to acquire a newly completed 37-unit multi-family building, strategically located along the Island Highway corridor in View Royal. Situated between Helmcken Road and Admirals Road, the property offers excellent connectivity via both vehicle and transit routes, providing convenient access throughout the Greater Victoria area.
This rare offering presents a blank slate with a vacant possession opportunity — ideal for investors seeking control over the lease-up process, or for not-for-profit organizations looking to secure purpose-built housing opportunities in a high-demand area.
Perched on an elevated site, the property overlooks established single-family, multi-family and commercial improvements. The elevation offers sweeping views towards Thetis Lake Park and Portage Inlet.
All units feature modern finishes with private decks, top-floor residences enjoying larger-than-average patios—perfect for tenants seeking indoor-outdoor living in a quiet natural setting.
Key Highlights:
• 37 newly constructed residential units
• Prime visibility and accessibility along Island Highway
• Immediate lease-up potential
• Scenic views and outdoor living features
• Close proximity to Victoria General Hospital
• Amenities nearby at Eagle Creek and Admirals Walk
• Two secure bicycle storage rooms in the underground
• Storage locker room for suites on parkade level
All offers must be submitted 10:00 a.m. on August 15, 2025 in accordance with the court documents.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
24/100
Car-Dependent
-
Bike Score ®
61/100
Bikeable
- City Victoria, BC
- Neighborhood Gorge Vale - Parklands
- Postal Code 913
Points of Interest
-
Esso
0.48 miles
-
Chevron
1.31 miles
-
Petro-Canada
1.43 miles
-
Shell
1.46 miles
-
FLO
1.66 miles
-
Co-op
1.68 miles
-
Helmcken Park & Ride
1.18 miles
-
Colwood Exchange Park & Ride
1.55 miles
-
Bastion Square Parkade
3.21 miles
-
Centennial Square Parkade
3.29 miles
-
Broughton Square Parkade
3.38 miles
-
Johnson Street Parkade
3.43 miles
-
View Street Parkade
3.47 miles
-
Lot 10
5.30 miles
-
Lot 9
5.38 miles
-
Holiday Inn Express & Suites Victoria - Colwood
1.69 miles
-
English Inn
1.86 miles
-
Ramada Victoria
2.14 miles
-
Robin Hood Inn & Suites
2.21 miles
-
Days Inn by Wyndham Victoria Uptown
2.29 miles
-
Birds of a Feather
2.45 miles
-
Spinnakers Guesthouses
2.46 miles
-
Howard Johnson by Wyndham Victoria
2.47 miles
-
SoLo Suites
2.59 miles
-
Red Lion Inn & Suites
2.63 miles
-
Subway
0.25 miles
-
Apple Tree Family Restaurant
0.27 miles
-
Little Tokyo
0.29 miles
-
Mary Brown's
0.33 miles
-
Gyrosa
0.39 miles
-
Dairy Queen
0.39 miles
-
New Wave Cafe
0.98 miles
-
Cafeteria
0.98 miles
-
Lee's Famous Recipe Chicken
1.24 miles
-
Syriana
1.33 miles
-
Shoreline Community Middle School
0.54 miles
-
Craigflower Elementary
0.72 miles
-
View Royal Elementary
0.77 miles
-
Rockheights Middle School
1.19 miles
-
Eagle View Elementary
1.47 miles
-
Ecole Marigold Elementary
1.53 miles
-
John Stubbs Memorial School
1.61 miles
-
Spectrum Community School
1.65 miles
-
St. Joseph's Elementary School
1.69 miles
-
Ècole Victor–Brodeur
1.72 miles
-
Apple Tree Preschool
1.38 miles
-
Island Kids Academy
1.44 miles
-
Saanich Neighbourhood Place
1.58 miles
-
Colwood Kids - Early Childhood Center
2.02 miles
-
Dreamland
2.87 miles
-
Our Children's Centre
2.95 miles
-
Leap Forward Childcare
3.12 miles
-
Child Care Centre
3.33 miles
-
Parkdale Early Childhood Centre
3.36 miles
-
Next Level Childcare
3.77 miles
Frequently Asked Questions
The space currently listed for sale at 244 Island Highway asks for $18,500,000.
244 Island Highway totals 20,020 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Avison Young
