$7,650,000

742 Lampson St, Esquimalt, BC, V9A 6A6

MLS® # 1050998

Esquimalt BC, V9A 6A6

MLS® # 1050998

Property Information:

Pleased to offer for sale Rockheights Villa, a 31-unit value-add apartment building in Esquimalt featuring a highly desirable suite mix of 28 two-bedroom suites and 3 one-bedroom suites. Generous surface parking accommodates both tenants and visitors, enhancing convenience and tenant appeal. Current average rents are below $1,400 per month, providing meaningful rental upside as suites turn over. Additional revenue opportunities may also exist through the conversion of the existing manager’s office and/or storage areas into additional residential suites, as well as the potential conversion of the large, decommissioned pool room into multiple units. Ideally situated in Esquimalt, the property offers immediate access to shopping, restaurants, services, and major transportation routes. Its proximity to key commercial areas, employment centres, and everyday amenities supports strong long-term rental demand and provides a stable investment opportunity.

Property Features:

Annual Tax Amount: $42,634
Floor Space (approx): 1 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 742 Lampson St, Esquimalt, BC, V9A 6A6

Lifestyle
Neighbourhood

Demographic Information of 742 Lampson St, Esquimalt, BC, V9A 6A6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$105,536.55

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.5 %

High school certificate or equivalent

28.02 %

Apprenticeship trade certificate/diploma

7.24 %

College/non-university certificate

20.7 %

University certificate (below bachelor)

0.52 %

University Degree

30.02 %

Commuter

Travel To Work

By Car

70.3 %

By Public Transit

11.21 %

By Walking

7.52 %

By Bicycle

6.13 %

By Other Methods

4.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.61 %

Houses

51.39 %

Own Vs. Rent