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 $682K
Lowest Price $299K
Highest Price $1.9M
Total Listings 60
Avg. Days On Market 63
Avg. Price/SQFT $961

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

760 Johnson St 1502, Victoria

$1,649,999

760 Johnson St 1502, Victoria

2 Beds 2 Baths 1,242 SqFt Residential MLS® # 957999

The Agency

707 Courtney St 1406, Victoria

$1,590,000

707 Courtney St 1406, Victoria

2 Beds 2 Baths 1,136 SqFt Residential MLS® # 969947

The Agency

707 Courtney St 1506, Victoria

$1,475,000

707 Courtney St 1506, Victoria

2 Beds 2 Baths 1,154 SqFt Residential MLS® # 959483

Rennie & Associates Realty Ltd.

707 Courtney St 1105, Victoria

$1,400,000

↓ $50,000

707 Courtney St 1105, Victoria

2 Beds 2 Baths 1,197 SqFt Residential MLS® # 964393

The Agency

707 Courtney St 1606, Victoria

$1,399,000

707 Courtney St 1606, Victoria

2 Beds 2 Baths 1,142 SqFt Residential MLS® # 970048

RE/MAX Generation

707 Courtney St 708, Victoria

$1,079,000

↓ $96,000

707 Courtney St 708, Victoria

2 Beds 3 Baths 1,407 SqFt Residential MLS® # 957743

Royal LePage Coast Capital - Chatterton

728 Yates St 1602, Victoria

$999,900

↓ $49,100

728 Yates St 1602, Victoria

2 Beds 2 Baths 861 SqFt Residential MLS® # 968244

RE/MAX Generation

610 Johnson St 404, Victoria

$925,000

↓ $30,000

610 Johnson St 404, Victoria

2 Beds 2 Baths 855 SqFt Residential MLS® # 959352

Sotheby's International Realty Canada

707 Courtney St 1502, Victoria

$899,900

707 Courtney St 1502, Victoria

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 969328

Coldwell Banker Oceanside Real Estate

728 Yates St 1504, Victoria

$899,000

728 Yates St 1504, Victoria

2 Beds 2 Baths 846 SqFt Residential MLS® # 962075

RE/MAX Camosun

599 Pandora Ave 317, Victoria

$849,900

599 Pandora Ave 317, Victoria

1 Bed 2 Baths 786 SqFt Residential MLS® # 962625

Keller Williams Realty VanCentral

599 Pandora Ave 309, Victoria

$845,000

↓ $50,000

599 Pandora Ave 309, Victoria

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

Royal LePage Coast Capital - Chatterton

760 Johnson St 901, Victoria

$799,900

760 Johnson St 901, Victoria

2 Beds 1 Bath 847 SqFt Residential MLS® # 964295

The Agency

610 Johnson St 201, Victoria

$750,000

610 Johnson St 201, Victoria

2 Beds 2 Baths 934 SqFt Residential MLS® # 963095

Macdonald Realty Victoria

599 Pandora Ave 318, Victoria

$749,000

599 Pandora Ave 318, Victoria

1 Bed 2 Baths 775 SqFt Residential MLS® # 966048

The Agency

599 Pandora Ave 321, Victoria

$729,000

↓ $20,000

599 Pandora Ave 321, Victoria

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

Newport Realty Ltd.

728 Yates St 711, Victoria

$699,900

728 Yates St 711, Victoria

2 Beds 2 Baths 820 SqFt Residential MLS® # 968818

Sutton Group West Coast Realty

732 Cormorant St 902, Victoria

$685,000

↓ $14,999

732 Cormorant St 902, Victoria

2 Beds 1 Bath 733 SqFt Residential MLS® # 965894

DFH Real Estate Ltd.

409 Swift St 518, Victoria

$675,000

↓ $24,900

409 Swift St 518, Victoria

1 Bed 1 Bath 645 SqFt Residential MLS® # 960108

Sotheby's International Realty Canada

New
760 Johnson St 801, Victoria

$665,000

760 Johnson St 801, Victoria

2 Beds 1 Bath 845 SqFt Residential MLS® # 970748

Newport Realty Ltd.

595 Pandora Ave 411, Victoria

$659,900

595 Pandora Ave 411, Victoria

1 Bed 1 Bath 616 SqFt Residential MLS® # 960942

Coldwell Banker Oceanside Real Estate

409 Swift St 403, Victoria

$649,900

↓ $50,000

409 Swift St 403, Victoria

1 Bed 1 Bath 616 SqFt Residential MLS® # 957442

Pemberton Holmes - Cloverdale

728 Yates St 809, Victoria

$649,000

↓ $23,000

728 Yates St 809, Victoria

2 Beds 2 Baths 739 SqFt Residential MLS® # 968240

NAI Commercial (Victoria) Inc.

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