Devon Properties is pleased to present Marine Oaks Apartments for sale – a rare and prestigious oceanfront investment opportunity located in the heart of Oak Bay. Comprising 33 rental units, Marine Oaks offers exceptional value-add potential with current rents positioned below market and select units well suited for renovation.
Originally constructed in 1957, Marine Oaks spans three and four storeys and features a favourable mix of oversized one- and two- bedroom units. Ideally situated along the renowned Beach Drive, the property benefits from its proximity to Oak Bay’s most sought-after amenities including waterfront parks, beaches, boutique shopping, village centres and a variety of recreational offerings. Its serene coastal setting and walkable surroundings provide an exceptional lifestyle experience for residents, while its location within a high-demand rental submarket supports strong occupancy and long term rent growth potential.
Marine Oaks represents an exceptional long-term investment opportunity in one of Vancouver Island’s most desirable and supply-constrained neighbourhoods.
Qualified purchasers are invited to submit offers through Devon Properties for consideration by the Vendor.
Since expanding Devon Properties’ brokerage services, Dave has successfully represented numerous clients in the sale of multi-family apartment buildings, achieving a total sales volume exceeding $240 million since 2019. His diverse network and extensive 25-year background in commercial banking, real estate development, property management, and commercial sales and leasing solidify his reputation as a trusted and reliable multi-family sales representative in the industry.
Since joining Devon Properties in 2019, Leigha has been a dedicated member of our company, initially specializing in residential leasing across Vancouver Island. In 2021, Leigha made a strategic move to the Brokerage team, where she seamlessly collaborated with partner Dave Craig to elevate our multi-family and investment sales services. Leveraging her extensive experience, Leigha provides invaluable insights that play a pivotal role in propelling the success of Devon Properties’ expanding brokerage services.
