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Main Photo: 1249 Rockland Ave in Victoria: Vi Rockland Multi Family for sale : MLS®# 1050878
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1050878
The Laurels offers a rare opportunity to acquire one of Rockland’s distinctive landmark properties, a 16-suite heritage apartment building on an approximately 32,746 sq. ft. corner site. Built circa 1889–90 as a residence for Robert and Mary Ward, the Queen Anne mansion later served as two schools before being converted to apartments. The property includes five bachelor, seven one-bedroom and four two-bedroom suites, with shared laundry, storage and on-site parking. High ceilings, decorative millwork and a grand central staircase preserve much of the home’s original character. The expansive lawn fronting Rockland Avenue also offers potential future upside, with a subdivision application submitted exploring one or two smaller building lots while retaining The Laurels and substantial parking. Historically enjoying near-full occupancy, this is a unique opportunity to own an income-producing Rockland landmark with stable rental demand, long-term upside and an unbeatable location.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Rockland, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.752 acre(s)
Taxes:
Ceiling Heights:
Total Building Area:
14,797 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Parking Spaces:
25
Business Type:
Accommodation
Total Units:
Date Listed:
Sep 25, 2026
Original Price:
5975000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated October 2, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
119
Avg list price:
$950,000
Min list price:
$30,000
Max list price:
$8,900,000
Avg days on market:
84
Min days on market:
1
Max days on market:
586
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations. This data is not produced by the MLS® system.

Homes and Real Estate for Sale in Victoria BC


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