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 $620K
Lowest Price $370K
Highest Price $1.6M
Total Listings 30
Avg. Days On Market 52
Avg. Price/SQFT $891

Property Types (active listings)

Victoria vacation rental properties

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707 Courtney St 1406, Victoria

$1,590,000

707 Courtney St 1406, Victoria

2 Beds 2 Baths 1,158 SqFt Residential MLS® # 1023690

The Agency

707 Courtney St 1605, Victoria

$1,399,000

707 Courtney St 1605, Victoria

2 Beds 2 Baths 1,197 SqFt Residential MLS® # 1023499

Coldwell Banker Oceanside Real Estate

707 Courtney St 1105, Victoria

$1,235,000

707 Courtney St 1105, Victoria

2 Beds 2 Baths 1,197 SqFt Residential MLS® # 1021959

RE/MAX Camosun

New
608 Broughton St 501, Victoria

$839,000

608 Broughton St 501, Victoria

2 Beds 2 Baths 977 SqFt Residential MLS® # 1025005

RE/MAX Generation - The Neal Estate Group

707 Courtney St 806, Victoria

$829,000

707 Courtney St 806, Victoria

2 Beds 2 Baths 1,083 SqFt Residential MLS® # 1023820

Newport Realty Ltd.

New
599 Pandora Ave 317, Victoria

$719,900

599 Pandora Ave 317, Victoria

1 Bed 2 Baths 790 SqFt Residential MLS® # 1025081

Keller Williams Ocean Realty VanCentral

1610 Store St 225, Victoria

$699,000

1610 Store St 225, Victoria

2 Beds 2 Baths 600 SqFt Residential MLS® # 1022516

RE/MAX Camosun

599 Pandora Ave 323, Victoria

$647,000

599 Pandora Ave 323, Victoria

2 Beds 2 Baths 847 SqFt Residential MLS® # 1023158

RE/MAX Camosun

728 Yates St 711, Victoria

$619,000

728 Yates St 711, Victoria

2 Beds 2 Baths 820 SqFt Residential MLS® # 1024475

Coldwell Banker Oceanside Real Estate

708 Burdett Ave 403, Victoria

$609,000

↓ $10,000

708 Burdett Ave 403, Victoria

1 Bed 1 Bath 684 SqFt Residential MLS® # 1020171

Pemberton Holmes - Sooke

760 Johnson St 701, Victoria

$599,900

760 Johnson St 701, Victoria

2 Beds 1 Bath 840 SqFt Residential MLS® # 1022530

Engel & Volkers Vancouver Island

608 Broughton St 504, Victoria

$594,000

↓ $15,000

608 Broughton St 504, Victoria

1 Bed 1 Bath 707 SqFt Residential MLS® # 1022902

Coldwell Banker Oceanside Real Estate

New
732 Cormorant St 406, Victoria

$575,000

732 Cormorant St 406, Victoria

2 Beds 1 Bath 778 SqFt Residential MLS® # 1025233

RE/MAX Camosun

New
409 Swift St 114, Victoria

$569,000

409 Swift St 114, Victoria

1 Bed 1 Bath 737 SqFt Residential MLS® # 1025290

RE/MAX Camosun

760 Johnson St 606, Victoria

$549,000

760 Johnson St 606, Victoria

2 Beds 1 Bath 722 SqFt Residential MLS® # 1024787

Royal LePage Coast Capital - Chatterton

517 Fisgard St 305, Victoria

$498,000

517 Fisgard St 305, Victoria

1 Bed 1 Bath 601 SqFt Residential MLS® # 1024136

Newport Realty Ltd.

409 Swift St 117, Victoria

$489,000

409 Swift St 117, Victoria

1 Bed 1 Bath 524 SqFt Residential MLS® # 1022407

eXp Realty

New
409 Swift St 118, Victoria

$479,900

409 Swift St 118, Victoria

1 Bed 1 Bath 511 SqFt Residential MLS® # 1025281

RE/MAX Camosun

528 Pandora Ave 212, Victoria

$479,000

↓ $10,000

528 Pandora Ave 212, Victoria

1 Bed 1 Bath 581 SqFt Residential MLS® # 1015447

RE/MAX Camosun

New
760 Johnson St 507, Victoria

$459,000

760 Johnson St 507, Victoria

1 Bed 1 Bath 573 SqFt Residential MLS® # 1025278

RE/MAX Camosun

New
517 Fisgard St 310, Victoria

$450,000

517 Fisgard St 310, Victoria

1 Bed 1 Bath 523 SqFt Residential MLS® # 1024347

Pemberton Holmes Ltd. - Oak Bay

760 Johnson St 311, Victoria

$439,000

↓ $20,000

760 Johnson St 311, Victoria

1 Bed 1 Bath 614 SqFt Residential MLS® # 1010597

Newport Realty Ltd.

456 Pandora Ave 403, Victoria

$424,900

↓ $24,100

456 Pandora Ave 403, Victoria

0 Beds 1 Bath 353 SqFt Residential MLS® # 1011043

RE/MAX Camosun

760 Johnson St 705, Victoria

$415,000

↓ $10,000

760 Johnson St 705, Victoria

1 Bed 1 Bath 585 SqFt Residential MLS® # 1023411

Sotheby's International Realty Canada

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