Description
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.