1249 Rockland Ave
Vi Rockland Victoria V8V 3X3

$5,975,000
Commercial Sale

Main Photo: 1249 Rockland Ave in Victoria: Vi Rockland Multi Family for sale : MLS®# 1050878
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1050878
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale of Assets
Listing General Location:
Vi Rockland, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.752 acre(s)
Total Building Area:
14,797 sq. ft.
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Victoria
Parking Features:
On Site
Total Parking Spaces:
25
Business Type:
Accommodation
Date Listed:
Sep 25, 2026
Original Price:
5975000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated September 28, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
120
Avg list price:
$974,500
Min list price:
$30,000
Max list price:
$17,029,000
Avg days on market:
98
Min days on market:
2
Max days on market:
581
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations. This data is not produced by the MLS® system.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.