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.
A Rare Work/live Unit At Prestigious Shoal Point, This Lovely Ground Level Unit Enjoys A Courtyard View. The Living Room/dining Area Is Very Spacious With Large Windows Allowing Lots Of Natural Light. The Kitchen Features A Gas Cooktop Stove, A Pa...
Welcome To Fairway Green! Private Entrance With A Townhouse Feel! This Large 1br/1ba Condo Offers A Bright Layout With Modern Touches. Oversized Windows Illuminate The Open Living Space, Complemented By A Spacious Kitchen For Entertaining With Upd...
Luxurious Legato At An Amazing Price! With The Perfect Layout For A 2 Bedroom 2 Bathroom Stylish Condo, Unit 405 Offers The Largest Wrap Around Patio Available In The Building Offering Over 230 Sq Ft Of Outdoor Living. Open Floorplan With A Fabulo...
Updated & Spacious. This Well Kept 2 Bedroom 1 Bathroom Apartment Has Is Located A Short Walk From Shopping, North Island College, The Aquatic Centre, Restaurants And Other East Courtenay Amenities. Inside, There Is Laminate Flooring, Updated Cabi...
Welcome To The Pinnacle Of Westshore Living! This Upscale 1125 Sq Ft Condo Offers 2 Bedrooms, 2 Bathrooms, Plus A Flex Space Perfect For Your Home Office Or Gym. Step Into The Heart Of The Home, Where You'll Find A Kitchen With Granite Countertops...
Move In This Year And Enjoy The Premier Top Floor Lake And Mountain Views From The Deck Or Living Room In Our Largest 2 Bed 2 Bath Unit! 'trailside At The Lake' Is An Idyllic New Condo Poised On The Shores Of Langford Lake Equipped With All The Am...
Indulge In Luxury Living At Its Finest In This Pinnacle Penthouse Unit, Boasting A Private Elevator To Your Very Own Rooftop Patio With Outdoor Kitchen, Gas Fire Pit, & Hot Tub. Enjoy Million-dollar Sunrises Over The Ocean, Cordova Bay/the Ridge G...
Two Bed Two Bath Corner Unit, Ready For You To Move In Right Away With Transit At Your Doorstep! 'trailside At The Lake' Is An Idyllic New Condo Poised On The Shores Of Langford Lake With All The Amenities For Modern Living. With Lake And Trail Vi...
Here Is A Great Way To Get Into The Market, This Affordable 3 Bed 3 Bath Half Duplex Is Close To All Amenities And Walking/hiking/biking Trails. New Roof In 2020, New Hot Water Tank. New Dishwasher. Call Me Or Your Realtor Today To Book A Viewing.
Don't Miss This Incredible, Sunny Two Bedroom Two Bathroom Unit In The Popular Blackwood Building! Located On The Back, South East Corner Of The Building, This Fabulous Condo Is Extremely Quiet And Private. Your Cozy Gas Fireplace, Which Is Inclu...
Are You Being Challenged With Home Ownership? Not Ready For A Retirement Home? This Is A Great Alternative. Own Your Own Condo And Get The Services You Need To Live Independently! This Bright 2 Bed (one Without A Closet), 2 Bath Condo Answers All...
Welcome To The Prestigious Residences At The Beach Club, Located In The Heart Of Parksville, Just Steps To Miles Of Sandy Beach & Oceanfront Boardwalk. This 100% Ownership Condo Is Sure To Impress With 2 Bedrooms, Large Den, 2 Bathrooms, & Fresh I...
Royal LePage Parksville-Qualicum Beach Realty (QU)
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!