On the southern tip of Vancouver Island, Victoria is considered one of the most beautiful cities in the world to live in. With its incredible natural beauty, temperate climate, and multitude of recreational sites, investment properties in Victoria may be just what you are looking for. Victoria real estate is a solid long-term investment. The initial goal is to have rental income cover all or most of the cost of the property while over time seeing an increase in the value of the real estate. Once your mortgage is paid off and your rent begins to turn a profit you can start the cycle all over again.
Victoria as a whole is comprised of over thirteen different municipalities with a combined population of over 400,000. If you're considering investment real estate in Victoria you'll have to look at many different variables. Think about having a conversation with The Neal Estate Group, as our experienced REALTORS® can help you navigate through the details and feel confident about your choice.
If done right, investment properties can set you up for long-term financial success and stability. Find out more about what you should be looking for when browsing Victoria investment properties.
Introducing 365 Waterfront Crescent, Where Luxury Meets Sustainability In Victoria's Prime Waterfront Locale. Adjacent To Selkirk Trestle Bridge And Galloping Goose Trail, This Is A Haven For Outdoor Enthusiasts. Step Into A Spacious 2-bedroom Uni...
Beautiful, Bright 2021 Built 2 Bed Plus Den Condo At The Glenn. Some Of The Many Features Of This Fabulous Home Include Nuheat Flooring In Washrooms, 9 Foot Ceilings, Upgraded Appliance Package, Quartz Countertops, Wide Plank Flooring And So Much...
Perfectly Positioned In The Heart Of Charming Fairfield, This Corner Condo Is A Gem Just Steps Away From Cook Street Village. Embrace The Best Of Victoria Living With Proximity To The Scenic Dallas Road Waterfront, Beacon Hill Park, And Downtown A...
Discover The Epitome Of Comfortable Living With This Stunning Side-by-side Duplex, Tailor-made For Families Or Friends Seeking The Perfect Co-living Arrangement. Each Unit Boasts The Potential For An In-law Suite, Ensuring Both Independence And To...
Open House Sat May 4th 1-3pm & Sun May 5th 1-3pm. It's All About The View! This Top Floor, Generously Sized, 2 Bedroom + Den, 2 Bathroom Unit On The Selkirk Waterway Has Unobstructed Ocean Views From The Primary Bedroom, Main Living Area And Balco...
Introducing Your Mountain Sanctuary At Blueberry Hill, Mt Washington. This Well Maintained 2-bedroom, 2-bathroom Condo Offers Ski-in, Ski-out Access In The Winter, While Nearby Hiking Trails Provide Endless Exploration During The Summer Months.. E...
Welcome To The Customs House, Located In The Heart Of Victoria's World-famous Inner Harbour. This Large 1 Bed, 1 Bath Corner Suite Is Perfectly Situated On The 3rd Level Overlooking The Quaint Shops & Streetscape Of Government St. Featuring A Larg...
The Award-winning Astoria. A Steel & Concrete Building In The Most Desirable Downtown Victoria Neighbourhood. Gorgeous 12th Floor Suite On The Quiet Side Of The Building W/ Serene Ocean & Mountain Vistas. Features Large Kitchen W/ Tons Of Counter ...
Situated Within Sidney's Most Coveted New Development, The Beacon On Beacon, This Luxurious Condo Offers A Spacious 1-bedroom + Den, 2-bathroom Layout With A Bright, Functional Design. Crafted To Impeccable Standards, This Property Exudes Timeless...
Indulge In Coastal Living With This Unique One-bedroom Loft-style Condo, Just Moments From The Serene Waters Of The Comox Valley. With Its High Ceilings And Abundant Natural Light, The Open-plan Living Space Is Perfect For Hosting Gatherings. The ...
Welcome To Your Cute As A Button Updated 1bd,1 Bath Sun Filed Condo In Centrally Located Downtown Duncan. The Quiet Sunny Side Of 55+ Tiffiany Place With Lovely Views And Generous Patio Is The Perfect Place To Start And End Your Day. Quality Lami...
What To Look For in Victoria Investment Properties
When you're looking for a Victoria investment property remember that an investment isn't about frills. You want to maximize your profit from the risk you're taking as a landlord. Real estate investing is a big investment of both time and money, but when handled properly, it can really pay off.
Things you should consider when investing in Victoria real estate:
The purchase price to rent ratio—financial impact on you!
Maintenance costs and property taxes—possible strata fees included.
Property management—you're now a landlord.
Liquidity and cash flow—owning three condos at $200,000 rather than one at $600,000 may be a safer bet.
Long term rewards—a cycle of profitability in your rental income.
Why are people looking for Victoria investment property:
A future pension plan—Over the long term, an investment property can be a great source of retirement funds. Maintaining the lifestyle you envisioned for your retirement years may be a goal for you.
A student residence alternative—Many parents are shipping their university-age children off, and housing them in an investment property purchased specifically for that purpose. Considering the University of Victoria hosts over 20,000 students annually this may be a good choice for any investor.
The Do-It-Yourself scenario—Homeowners who have developed home-improvement skills have a great opportunity to use their time and talents to dramatically increase the value of a home.
Vacation investment properties—There are many properties for sale that would be ideal for those looking for a vacation home. With easy proximity to the ocean, the city and the Lower Mainland, Victoria is an ideal place for a second home.
Reasons to Invest In Victoria Real Estate
The City of Victoria boasts outstanding outdoor recreation options, and with the mildest climate in Canada, most activities—including golf, hiking, kayaking, and cycling—are year-round. Statistics Canada rates Greater Victorians the most active people in the country and this region is considered the Cycling Capitol of Canada. Victoria is internationally known as the "City of Gardens", it is safe, clean, and walkable and you can get to Victoria via ferry from Vancouver, Nanaimo and even Washington state.
The Neal Estate Group are Victoria and surrounding area real estate experts! Let us help you find your perfect Victoria investment property! Contact The Neal Estate Group to learn how we can help you!