244 Island Highway

Avison Young is pleased to present the opportunity to acquire a newly completed 37-unit multi-family building, strategically located along the Island Highway corridor in View Royal. Situated between Helmcken Road and Admirals Road, the property offers excellent connectivity via both vehicle and transit routes, providing convenient access throughout the Greater Victoria area.

This rare offering presents a blank slate with a vacant possession opportunity — ideal for investors seeking control over the lease-up process, or for not-for-profit organizations looking to secure purpose-built housing opportunities in a high-demand area.

Perched on an elevated site, the property overlooks established single-family, multi-family and commercial improvements. The elevation offers sweeping views towards Thetis Lake Park and Portage Inlet.

All units feature modern finishes with private decks, top-floor residences enjoying larger-than-average patios—perfect for tenants seeking indoor-outdoor living in a quiet natural setting.

Key Highlights:

• 37 newly constructed residential units

• Prime visibility and accessibility along Island Highway

• Immediate lease-up potential

• Scenic views and outdoor living features

• Close proximity to Victoria General Hospital

• Amenities nearby at Eagle Creek and Admirals Walk

• Two secure bicycle storage rooms in the underground

• Storage locker room for suites on parkade level

All offers must be submitted 10:00 a.m. on August 15, 2025 in accordance with the court documents.