284 Belmont Rd, Colwood, BC V9C 1B3
284 Belmont Rd, Colwood, BC V9C 1B3
284 Belmont Rd, Colwood, BC V9C 1B3
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 294-6683
Listing by Marc Foucher Colliers
$17,750,000
Est. payment /mo
35,293 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 35,293 sqft

Price per Sqft $502

MLS Listing ID 1034497

HOA Y/N No

Year Built 2020

Annual Tax Amount $76,011

Tax Year 2025

Property Sub-Type Multi Family

Property Description

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.

Location

Province BC

County Capital Regional District

Community Co Hatley Park

Area Colwood

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

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+1(250) 294-6683

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202-3440 Douglas St, Victoria, V8Z, 3L5, Canada

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