Investment properties in Victoria

Vacation Rental Condos

The listing herein are all designated buildings that are zoned for transient accommodation, airBnB and vacation rentals. Aside from needing to comply with specific municipal zoning, which changed in 2018, you will need to be aware of which buildings in town allow for nightly/short term rentals and which are legally zoned to allow for this type of revenue generation. We've put together a list of the buildings here in Victoria that do allow for short-term vacation rentals (as of September 2019)

Real Estate Statistics

Average Price $693K
Lowest Price $348K
Highest Price $1.9M
Total Listings 57
Avg. Days On Market 42
Avg. Price/SQFT $988

Property Types (active listings)

Victoria vacation rental properties

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707 Courtney St 1702, Victoria

$1,885,000

707 Courtney St 1702, Victoria

2 Beds 2 Baths 1,542 SqFt Residential MLS® # 954917

The Agency

707 Courtney St 1406, Victoria

$1,590,000

707 Courtney St 1406, Victoria

2 Beds 2 Baths 1,136 SqFt Residential MLS® # 950548

The Agency

707 Courtney St 1901, Victoria

$1,500,000

707 Courtney St 1901, Victoria

2 Beds 2 Baths 1,059 SqFt Residential MLS® # 955618

Sotheby's International Realty Canada

608 Broughton St 1001, Victoria

$1,429,900

608 Broughton St 1001, Victoria

2 Beds 2 Baths 1,332 SqFt Residential MLS® # 952720

RE/MAX Island Properties

707 Courtney St 708, Victoria

$1,150,000

707 Courtney St 708, Victoria

2 Beds 3 Baths 1,407 SqFt Residential MLS® # 948265

Royal LePage Coast Capital - Chatterton

613 Herald St Ph602, Victoria

$1,088,000

613 Herald St Ph602, Victoria

2 Beds 2 Baths 870 SqFt Residential MLS® # 954199

NAI Commercial (Victoria) Inc.

456 Pandora Ave 214, Victoria

$935,000

456 Pandora Ave 214, Victoria

2 Beds 2 Baths 850 SqFt Residential MLS® # 951695

Coldwell Banker Oceanside Real Estate

New
599 Pandora Ave 309, Victoria

$924,900

599 Pandora Ave 309, Victoria

2 Beds 2 Baths 1,034 SqFt Residential MLS® # 956068

Royal LePage Coast Capital - Chatterton

595 Pandora Ave 405, Victoria

$899,999

595 Pandora Ave 405, Victoria

2 Beds 2 Baths 950 SqFt Residential MLS® # 951693

Coldwell Banker Oceanside Real Estate

608 Broughton St 401, Victoria

$899,900

↓ $40,000

608 Broughton St 401, Victoria

2 Beds 2 Baths 977 SqFt Residential MLS® # 949638

RE/MAX Camosun

599 Pandora Ave 317, Victoria

$895,000

599 Pandora Ave 317, Victoria

1 Bed 2 Baths 786 SqFt Residential MLS® # 950883

Keller Williams Realty VanCentral

599 Pandora Ave 313, Victoria

$835,000

↓ $50,000

599 Pandora Ave 313, Victoria

1 Bed 2 Baths 876 SqFt Residential MLS® # 949620

Coldwell Banker Oceanside Real Estate

708 Burdett Ave 502, Victoria

$799,900

708 Burdett Ave 502, Victoria

2 Beds 2 Baths 954 SqFt Residential MLS® # 950282

RE/MAX Camosun

728 Yates St 711, Victoria

$799,000

728 Yates St 711, Victoria

2 Beds 2 Baths 820 SqFt Residential MLS® # 948418

Sutton Group West Coast Realty

599 Pandora Ave 321, Victoria

$795,000

599 Pandora Ave 321, Victoria

1 Bed 2 Baths 1,030 SqFt Residential MLS® # 954780

Newport Realty Ltd.

707 Courtney St 807, Victoria

$785,000

707 Courtney St 807, Victoria

1 Bed 2 Baths 902 SqFt Residential MLS® # 955650

One Percent Realty

728 Yates St 207, Victoria

$774,000

↓ $25,000

728 Yates St 207, Victoria

2 Beds 1 Bath 1,029 SqFt Residential MLS® # 953394

Macdonald Realty Victoria

707 Courtney St 305, Victoria

$715,000

707 Courtney St 305, Victoria

1 Bed 1 Bath 882 SqFt Residential MLS® # 950457

Sotheby's International Realty Canada

New
728 Yates St 203, Victoria

$699,900

728 Yates St 203, Victoria

2 Beds 2 Baths 815 SqFt Residential MLS® # 955693

Fair Realty

610 Johnson St 204, Victoria

$697,888

610 Johnson St 204, Victoria

1 Bed 1 Bath 683 SqFt Residential MLS® # 951910

Macdonald Realty Victoria

595 Pandora Ave 411, Victoria

$689,900

595 Pandora Ave 411, Victoria

1 Bed 1 Bath 616 SqFt Residential MLS® # 950095

Coldwell Banker Oceanside Real Estate

New
610 Johnson St 204, Victoria

$683,888

610 Johnson St 204, Victoria

1 Bed 1 Bath 683 SqFt Residential MLS® # 956583

Macdonald Realty Victoria

New
707 Courtney St 1203, Victoria

$680,000

707 Courtney St 1203, Victoria

1 Bed 1 Bath 806 SqFt Residential MLS® # 956070

Newport Realty Ltd.

562 Yates St 101, Victoria

$675,000

562 Yates St 101, Victoria

1 Bed 2 Baths 688 SqFt Residential MLS® # 954527

Rennie & Associates Realty Ltd.

Vacation Rental Condos for Sale in Victoria BC

If you are an investor searching for a condo that specifically allows vacation rentals here in Victoria, it can be a challenging landscape to navigate. Scroll down in this article to link through to all of the buildings that are both zoned for and allow legal vacation rentals here in Victoria. 

Aside from needing to comply with specific municipal zoning, which changed in 2018, you will need to be aware of which buildings in town allow for nightly/short term rentals and which are legally zoned to allow for this type of revenue generation. We've put together a list of the buildings here in Victoria that do allow for short-term vacation rentals (as of September 2019) to help make things a bit easier for you as you search for a condo to purchase. 

Here are some other little known considerations that you should be aware of:

Tax Implications:

GST

GST may well be applicable if you are purchasing a unit for the purposes of nightly rentals. It is well worth consulting your accountant regarding this and often lawyers will guide you on this. If the unit has been previously rented out for vacation or short term revenues, it is likely that the GST will apply to your purchase. 

The Speculation and Vacancy Tax

Take a look at the new and 'much loved' speculation and vacancy tax, as it will likely apply to your vacation rental unless you are planning to rent it out for durations of over 30 days for 6 months or more in a calendar year. 

Short-Term, Vacation Rental Buildings List:

  • 728 Yates St.  - The ERA 
  • 608 Broughton St. - The Sovereign
  • 708 Burdett Ave.
  • 610 Johnson St. - The Monaco
  • 760 Johnson St. - The Juliet 
  • 524 Yates St. - The Leiser 
  • 534 Yates St. - The Leiser
  • 562 Yates St.  - The Oriental
  • 535 Fisgard St. - Lum Sam & Lee Cheong
  • 517 Fisgard St. - The Union
  • 456 Pandora Ave. - The Janion
  • 599 Pandora Ave. - The Vogue
  • 534 Pandora Ave. - Lum Sam & Lee Cheong
  • 528 Pandora Ave.  - The Union
  • 595 Pandora Ave. - 595 Pandora 
  • 1610 Store St. - The Janion
  • 409 Swift St. - The Mermaid Wharf
  • 601 Herald St. - 601 Herald 
  • 613 Herald St. The Cityzen
  • 707 Courtney St. - The Falls