1120 Caledonia Ave
Victoria, BC V8T1G1
$1,850,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Lot size
- 6,440 square feet
- Zoning
- Residential
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $6,592.33
Interior
- Heating
- Baseboard heaters
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 13'6 x 12'6 |
| Bedroom | Second level | 19'6 x 12'6 |
| Storage | Lower level | 6'8 x 11'8 |
| Bedroom | Lower level | 11'3 x 10'10 |
| Kitchen | Lower level | 8'0 x 11'5 |
| Bathroom | Lower level | 3-Piece |
| Other | Lower level | 18'2 x 12'3 |
| Bathroom | Lower level | 3-Piece |
| Storage | Lower level | 4'6 x 5'7 |
| Other | Lower level | 6'3 x 13'2 |
| Storage | Lower level | 7'2 x 13'2 |
| Living room | Lower level | 13'3 x 15'0 |
| Entrance | Lower level | 5'0 x 5'0 |
| Laundry room | Lower level | 4'7 x 15'7 |
| Bedroom | Second level | 13'7 x 12'6 |
| Bathroom | Second level | 3-Piece |
| Kitchen | Second level | 11'6 x 11'10 |
| Entrance | Main level | 5'2 x 6'0 |
| Kitchen | Second level | 13'6 x 12'0 |
| Bathroom | Second level | 3-Piece |
| Office | Second level | 5'4 x 9'5 |
| Bedroom | Second level | 7'9 x 9'3 |
| Kitchen | Main level | 12'0 x 12'6 |
| Bathroom | Main level | 3-Piece |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 17'0 x 13'0 |
| Living room | Main level | 10'9 x 17'7 |
| Kitchen | Main level | 13'10 x 12'5 |
| Entrance | Main level | 2'9 x 6'4 |
| Entrance | Main level | 6'4 x 9'7 |
| Bedroom | Main level | 13'6 x 12'6 |
| Porch | Main level | 6'10 x 11'9 |
| Patio | Main level | 11'3 x 23'0 |
| Entrance | Main level | 5'0 x 5'0 |
| Living room | Main level | 11'0 x 17'0 |
| Bathroom | Main level | 3-Piece |
| Dining nook | Main level | 7'5 x 11'0 |
| Patio | Main level | 9'0 x 5'7 |
| Patio | Main level | 8'6 x 5'7 |
| Patio | Main level | 9'0 x 4'4 |
| Patio | Main level | 12'0 x 12'9 |
| Patio | Main level | 13'9 x 7'1 |
| Entrance | Main level | 5'0 x 5'0 |
| Bathroom | Main level | 3-Piece |
| Kitchen | Main level | 9'4 x 8'2 |
| Kitchen | Main level | 9'4 x 11'0 |
| Dining room | Main level | 9'4 x 13'1 |
| Living room | Main level | 16'4 x 11'10 |
Listing Information
- MLS®
- 1043765
- Listed
- July 26, 2026
- Time on market
- On the market for 36 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.48% cap rate, making it one of the most compelling multi family investment opportunities currently available. With solid in place income, excellent cash flow, and significant long term upside, this is a true turnkey asset in one of Victoria's most consistently high demand rental markets. Pride of ownership is evident throughout. The property has been meticulously maintained with no known deferred maintenance, allowing an investor to step into a stable, income producing asset from day one. The bright, updated suites feature well maintained kitchens and bathrooms, irrigated outdoor spaces, shared bike storage, common coin operated laundry, and dedicated owner or caretaker utility and storage areas. The overall condition of this property truly sets it apart. A standout feature is that Suites 6 and 7 are detached from the main building, providing outstanding flexibility for owner occupancy, caretaker accommodation, extended family, guest use, or premium rental opportunities. This unique layout offers options seldom found in comparable investment properties. Located just minutes from Downtown Victoria, Fernwood, Hillside Shopping Centre, restaurants, parks, schools, transit, and major commuter routes, the property's central location continues to attract quality tenants and support long term rental stability. Whether you're expanding your portfolio or acquiring your first multi family investment, 1120 Caledonia Avenue delivers an exceptional combination of cash flow, condition, location, and long term investment potential. (id:63159)
Values & Trends
This listing
$370/sqft
Building average
—
No other active listings in this building
Central Park average
$339/sqft
1 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
14°C
Mainly Clear
Humidity 86%
Wind WSW 7 km/h
Tonight
12°
Tuesday
19°
Tuesday night
13°
Wednesday
15°
Wednesday night
11°
Thursday
15°
Source: Environment and Climate Change Canada.
Population
91,867
(2021 Census)
+7.1% since 2016
Density: 4,723.2/km²
Dwellings: 53,070
Median household income: $67,500
After-tax: $60,000
Immigrant population: 20%
Top countries of origin (% of total population)
- United Kingdom3.8% · 3,505
- United States of America2.1% · 1,945
- Philippines2% · 1,845
- China1.2% · 1,110
- India0.7% · 650
- Germany0.6% · 590
- Korea, South0.4% · 400
- Netherlands0.3% · 315
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
48
7/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| George Jay Elementary | Elementary | 271 m |
| Victoria High | Elementary | 334 m |
| Central Middle School | Elementary | 800 m |
| VI School of Innovation and Inquiry(Independent) | Elementary/Middle | 993 m |
| Victor School | K-12 | 1.0 km |
| Christ Church Cathedral School(Independent) | Elementary/Middle | 1.1 km |
| Oak and Orca Bioregional School(Independent) | K-12 | 1.2 km |
| Victoria School for Ideal Education(Independent) | Elementary/Middle | 1.4 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- Sun Wah366 m
- Standard Pizza368 m
- Quesadas Burritos & Tacos · 1545 Vancouver Street469 m
- Fernwood Pizza Company470 m
- Stage · 1307 Gladstone Avenue479 m
Cafes (5+)
- The Parsonage Cafe · 1105 Caledonia Avenue105 m
- Fern Cafe and Bakery · 1-1115 North Park Street162 m
- WAIRUA · 1040 North Park Street219 m
- Little June · 1301 Gladstone Avenue466 m
- Fika · 1329 Cook Street556 m
Grocery (3)
- Save-On-Foods · 1010 Pandora Avenue474 m
- Fernwood General Store · 1308 Gladstone Avenue497 m
- Daily Fresh · 1627 Quadra Street578 m
Parks (5+)
- Kings Park · 1150 Caledonia Avenue57 m
- Spring Ridge Common · 2005 Chambers Street139 m
- Royal Athletic Park · 1014 Caledonia Avenue225 m
- Haegert Park · 1202 Yukon Street230 m
- William Stevenson Memorial Park · 1240 Gladstone Avenue258 m
Shopping (1)
- London Drugs782 m
Gyms (4)
- Forge Gym642 m
- Peterec's Kombat Centre · 851 Johnson Street768 m
- Victoria Fitness · 1029 View Street784 m
- Tropos Fitness Club · 1601 Blanshard Street785 m
Pharmacies (2)
- Cridge Pharmacy529 m
- Rexall618 m
Nearby places data: © OpenStreetMap contributors.
School district: Victoria (SD61)
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No similar listings found nearby right now.
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Minimum required: 20.0% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
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Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.