Jubilee

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1520 Richmond Ave
Vi Jubilee Victoria V8R 4P6

$6,150,000
Commercial Sale built: 1971

Main Photo: 1520 Richmond Ave in Victoria: Vi Jubilee Multi Family for sale : MLS®# 1021255
Photo 1: 1520 Richmond Ave in Victoria: Vi Jubilee Multi Family for sale : MLS®# 1021255
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1021255
Year Built:
1971
Osterley Court, a meticulously maintained 22-unit apartment building located in Victoria’s highly sought-after South Jubilee neighborhood, is for sale for the first time in 39 years. On the border of Oak Bay, the property benefits from being directly on a transit route, walking distance to amenities such as the Red Barn Market, and a stable tenant mix. This 4-storey wood-frame building is situated on a 16,200 square foot lot and features a desirable mix of spacious one and two bedroom suites. The building has been well maintained, with large capital expenditure items completed by the current owner and units have been renovated on turnover.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1971 (Age: 54)
Lease Type:
Sale Price
Listing General Location:
Vi Jubilee, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
$32,769.1 / 2025
Number of Storeys:
4
Total Building Area:
1 sq. ft.
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
6279000.0
Assessment year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
LOT A, PLAN VIP25011, SECTION 76, VICTORIA LAND DISTRICT
Zoning:
RM2
Units in Building:
22
Parking Features:
On Site
Total Units:
22
Date Listed:
Nov 27, 2025
Original Price:
6150000.0
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Listed by Colliers
Data was last updated December 21, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
101
Avg list price:
$1,380,000
Min list price:
$50,000
Max list price:
$23,500,000
Avg days on market:
94
Min days on market:
1
Max days on market:
330
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.