Park Royal Manor

1060 Pakington Street, Victoria, BC, Victoria, BC 831

Property Information

  • For Sale $10,250,000
  • Property Type Other
  • Units 33
  • Date Updated May 21, 2026

Description

Avison Young’s Multi-Family Team is pleased to present Park Royal Manor, a rare value-add opportunity featuring a 33-unit rental apartment building located at 1060 Pakington Street in Victoria, British Columbia (the“Property”). The Property is a well-maintained multi-family asset offering a strong going-in yield for investors, along with significant upside in rental revenue upon unit turnover.

Ideally situated in Victoria’s inner core—minutes from Downtown Victoria, steps from Cook Street Village, and surrounded by premier amenities—Park Royal Manor represents a unique investment opportunity with substantial potential to capitalize on one of Canada’s most desirable rental markets.

Highlights

  • Attractive mix of bachelor, one-, and two-bedroom suites
  • Centralized location in Fairfield, steps away from Cook Street Village
  • Significant capital improvements made by the current owner
  • Three ancillary income sources from parking, storage lockers, and laundry
  • Well-maintained units offering significant value-add potential

Contacts

Carey Buntain

Avison Young

Chris Wieser

Avison Young

Kevin Murray

Avison Young - Vancouver

Megan Low

Avison Young

Location

Located at 1060 Pakington Street, Victoria, BC, Victoria, BC 831, this property is part of the Fairfield West neighborhood.

  • 94/100 Walker's Paradise
  • 83/100 Excellent Transit
  • 84/100 Very Bikeable
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