1725 Beach Drive
$12,999,000
1725 Beach Drive, Victoria, BC, Canada | Oak Bay
Property Overview
Units: 33
Year Built: 1957
Lot Size: 31,800 Sq.Ft. *
Zoning: RM-3 (Three-Storey Multiple Dwellings Use)
Property Type: Multi-Family
Square footage is approximate.
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.
Unit Breakdown
- 5 One-Bedrooms
- 28 Two-Bedrooms
Building Amenities & Benefits
- Desirable large suites command premium rental rates and support strong tenant retention
- Value add potential with in place below market rents and unit renovation opportunities
- Prime oceanfront parcel, prominently situated in Oak Bay and conveniently located close to local amenities
- Residential units individually metered for hydro
Amenities Map
Dave Craig
Managing broker
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.
Leigha Russell
Broker
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.