$17,750,000

284 Belmont Rd, Colwood, BC, V9C 1B3

MLS® # 1034497

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Colwood BC, V9C 1B3

MLS® # 1034497

Property Information:

Hatley Apartments presents a rare opportunity to acquire a newer purpose-built multifamily rental asset in the heart of Colwood’s rapidly growing Westshore community. Built in 2020 and comprising 48 well-designed rental suites, the property offers stable in-place income with significant future upside as the affordability covenant expires in October 2030.Set directly adjacent to protected green space and moments from Colwood Corners, Esquimalt Lagoon, Royal Roads University, Department of National Defense Lands, recreation amenities, and major arterial routes, the property delivers long-term rental demand driven by a growing workforce, strong regional fundamentals, and limited new supply. With construction costs and development charges continuing to rise, Hatley Apartments provides investors with the opportunity to secure a high-quality, newer asset below replacement cost, supported by forward population growth and increasing demand for well-located rental housing.

Property Features:

Annual Tax Amount: $76,011
Built in: 2020
Floor Space (approx): 35293 Square Feet
Lot Frontage: 0 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family

Courtesy of: Colliers

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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⚠ Potential Investment Performance

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Market Price Trends

Location of 284 Belmont Rd, Colwood, BC, V9C 1B3

Lifestyle
Neighbourhood

Demographic Information of 284 Belmont Rd, Colwood, BC, V9C 1B3

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$119,460.63

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.07 %

High school certificate or equivalent

46.0 %

Apprenticeship trade certificate/diploma

8.64 %

College/non-university certificate

22.7 %

University certificate (below bachelor)

0.23 %

University Degree

8.36 %

Commuter

Travel To Work

By Car

73.6 %

By Public Transit

4.51 %

By Walking

8.41 %

By Bicycle

3.65 %

By Other Methods

9.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.84 %

Houses

96.16 %

Own Vs. Rent