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 $665K
Lowest Price $290K
Highest Price $1.6M
Total Listings 43
Avg. Days On Market 48
Avg. Price/SQFT $918

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 1,136 SqFt Residential MLS® # 983418

The Agency

New
707 Courtney St 1005, Victoria

$1,499,000

707 Courtney St 1005, Victoria

2 Beds 2 Baths 1,213 SqFt Residential MLS® # 988340

Royal LePage Coast Capital - Oak Bay

New
707 Courtney St 1605, Victoria

$1,420,000

707 Courtney St 1605, Victoria

2 Beds 2 Baths 1,197 SqFt Residential MLS® # 987916

Coldwell Banker Oceanside Real Estate

760 Johnson St 1502, Victoria

$1,397,500

↓ $102,500

760 Johnson St 1502, Victoria

2 Beds 2 Baths 1,242 SqFt Residential MLS® # 972166

The Agency

728 Yates St 1403, Victoria

$880,000

728 Yates St 1403, Victoria

2 Beds 2 Baths 915 SqFt Residential MLS® # 985071

Sutton Group West Coast Realty

707 Courtney St 1202, Victoria

$849,800

707 Courtney St 1202, Victoria

2 Beds 2 Baths 1,001 SqFt Residential MLS® # 984052

RE/MAX Camosun

760 Johnson St 304, Victoria

$775,000

760 Johnson St 304, Victoria

2 Beds 2 Baths 980 SqFt Residential MLS® # 976081

eXp Realty

760 Johnson St 802, Victoria

$749,900

760 Johnson St 802, Victoria

2 Beds 2 Baths 822 SqFt Residential MLS® # 985816

Oakwyn Realty Ltd.

456 Pandora Ave 312b, Victoria

$719,000

456 Pandora Ave 312b, Victoria

0 Beds 1 Bath 540 SqFt Residential MLS® # 983682

Pemberton Holmes Ltd.

New
517 Fisgard St 508, Victoria

$715,000

517 Fisgard St 508, Victoria

2 Beds 2 Baths 816 SqFt Residential MLS® # 987784

The Agency

New
595 Pandora Ave 316, Victoria

$705,000

595 Pandora Ave 316, Victoria

2 Beds 1 Bath 803 SqFt Residential MLS® # 987840

Macdonald Realty Victoria

599 Pandora Ave 321, Victoria

$699,900

599 Pandora Ave 321, Victoria

1 Bed 2 Baths 957 SqFt Residential MLS® # 985716

RE/MAX Camosun

707 Courtney St N607, Victoria

$699,000

707 Courtney St N607, Victoria

1 Bed 2 Baths 865 SqFt Residential MLS® # 987585

Pemberton Holmes Ltd.

599 Pandora Ave 318, Victoria

$699,000

599 Pandora Ave 318, Victoria

1 Bed 2 Baths 775 SqFt Residential MLS® # 985965

The Agency

760 Johnson St 1101, Victoria

$695,000

760 Johnson St 1101, Victoria

2 Beds 1 Bath 886 SqFt Residential MLS® # 986071

RE/MAX Camosun

1602 Quadra St 408, Victoria

$688,000

1602 Quadra St 408, Victoria

2 Beds 2 Baths 1,057 SqFt Residential MLS® # 986188

Team 3000 Realty Ltd

732 Cormorant St 307, Victoria

$675,000

732 Cormorant St 307, Victoria

2 Beds 1 Bath 724 SqFt Residential MLS® # 983943

RE/MAX Camosun

707 Courtney St 701, Victoria

$659,000

707 Courtney St 701, Victoria

1 Bed 1 Bath 812 SqFt Residential MLS® # 980303

eXp Realty

707 Courtney St 1101, Victoria

$649,900

707 Courtney St 1101, Victoria

1 Bed 1 Bath 803 SqFt Residential MLS® # 984902

Macdonald Realty Victoria

599 Pandora Ave 201, Victoria

$649,900

599 Pandora Ave 201, Victoria

2 Beds 1 Bath 815 SqFt Residential MLS® # 979149

Royal LePage Coast Capital - Chatterton

760 Johnson St 503, Victoria

$624,900

760 Johnson St 503, Victoria

2 Beds 1 Bath 727 SqFt Residential MLS® # 987651

RE/MAX Camosun

New
562 Yates St 101, Victoria

$600,000

562 Yates St 101, Victoria

1 Bed 2 Baths 688 SqFt Residential MLS® # 986018

eXp Realty

New
409 Swift St 118, Victoria

$599,900

409 Swift St 118, Victoria

1 Bed 1 Bath 536 SqFt Residential MLS® # 987987

Engel & Volkers Vancouver Island

610 Johnson St 203, Victoria

$599,900

610 Johnson St 203, Victoria

1 Bed 1 Bath 875 SqFt Residential MLS® # 986485

RE/MAX Island Properties

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