$1,850,000
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1120 Caledonia Ave, Victoria, BC V8T1G1

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Exceptional investment opportunity in the heart of Victoria. This immaculately maintained seven suite revenue property now offers an outstanding 6.55% 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:58753)

  • MLS® 1043768
  • Date Listed07/26/2026
  • Days on Realty 3 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V8T1G1

Discover key demographics, population statistics, and environmental insights for the Victoria, BC area.

Walkability in BC / V8T1G1

Source: Walk Score

96/100

Walker's Paradise

Walk Score ®

83/100

Excellent Transit

Transit Score ®

90/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

63 nearby routes: 63 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 62/100, Transit Score: 46/100, Bike Score: 71/100.

Points of Interest near 1120 Caledonia Ave, Victoria, BC V8T1G1

Frequently Asked Questions for 1120 Caledonia Ave

Source: Realty.com

1120 Caledonia Ave, Victoria, BC V8T1G1 in Victoria, BC V8T1G1 is a mixed use listed at $1,850,000. Realty.ca has 57 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 57 photos of 1120 Caledonia Ave.

The full address for this home is 1120 Caledonia Ave, Victoria, BC V8T1G1.

1120 Caledonia Ave has been listed on Realty.com since Sun July 26, 2026

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 62/100, Transit Score: 46/100, Bike Score: 71/100.

This content last refreshed on 2026-07-29 07:22:07. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.