Victoria · Commercial Sale · MLS® 1050878

1249 Rockland Ave, Victoria

$5,975,000
11Days on Market

About this property

The Laurels offers a rare opportunity to acquire one of Rockland’s distinctive landmark properties, a 16-suite heritage apartment building on an approximately 32,746 sq. ft. corner site. Built circa 1889–90 as a residence for Robert and Mary Ward, the Queen Anne mansion later served as two schools before being converted to apartments. The property includes five bachelor, seven one-bedroom and four two-bedroom suites, with shared laundry, storage and on-site parking. High ceilings, decorative millwork and a grand central staircase preserve much of the home’s original character. The expansive lawn fronting Rockland Avenue also offers potential future upside, with a subdivision application submitted exploring one or two smaller building lots while retaining The Laurels and substantial parking. Historically enjoying near-full occupancy, this is a unique opportunity to own an income-producing Rockland landmark with stable rental demand, long-term upside and an unbeatable location.

Features & details

DDF Property Type Multi-family
Building Type Multi-Family
Land Size 32,670 sq ft (0.75 acres)
Property Type Multi Family
Parking Spaces 25

Location

Brokerage Listed by Pemberton Holmes Ltd.. Information is deemed reliable but not guaranteed.

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