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Investment & Income Properties
Investment Properties

Investment & Income Properties

Duplexes, multi-family homes, and rental-income properties on Vancouver Island. Build wealth through real estate.

Featured Properties

83 listings
MLS-verified via VREB
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719 / 721 8th St, Courtenay BC V9N 1N6
719 / 721 8th St, Courtenay BC V9N 1N6 - 0 bed, 0.0 bath in Courtenay
$640,000
For Sale

719 / 721 8th St, Courtenay BC V9N 1N6

Courtenay, BC

0.0 bath · 31 days

Multi Family

Courtesy of Engel & Volkers Vancouver Island North

MLS® Reciprocity
751 Fairfield Rd #604, Victoria BC V8W 4A4
751 Fairfield Rd #604, Victoria BC V8W 4A4 - 0 bed, 0.0 bath in Victoria
$3,999,900
For Sale

751 Fairfield Rd #604, Victoria BC V8W 4A4

Victoria, BC

0.0 bath · 37 days

Multi Family

Courtesy of DFH Real Estate Ltd.

MLS® Reciprocity
620 Toronto St #1003, Victoria BC V8V 1P7
620 Toronto St #1003, Victoria BC V8V 1P7 - 0 bed, 0.0 bath in Victoria
$3,999,900
For Sale

620 Toronto St #1003, Victoria BC V8V 1P7

Victoria, BC

0.0 bath · 38 days

Multi Family

Courtesy of DFH Real Estate Ltd.

MLS® Reciprocity
664 Bruce Ave, Nanaimo BC V9R 3Y7
664 Bruce Ave, Nanaimo BC V9R 3Y7 - 0 bed, 0.0 bath in Nanaimo
$3,950,000
For Sale

664 Bruce Ave, Nanaimo BC V9R 3Y7

Nanaimo, BC

0.0 bath · 39 days

Multi Family

Courtesy of Colliers

MLS® Reciprocity
1711 Escarpment Way, Duncan BC V9L 5W7
1711 Escarpment Way, Duncan BC V9L 5W7 - 0 bed, 0.0 bath in Duncan
$1,795,999
For Sale

1711 Escarpment Way, Duncan BC V9L 5W7

Duncan, BC

0.0 bath · 48 days

Multi Family

Courtesy of Royal LePage Coast Capital Realty

MLS® Reciprocity
6001 Mountain View Rd #Proposed, Nanaimo BC V9T 6B9
6001 Mountain View Rd #Proposed, Nanaimo BC V9T 6B9 - 0 bed, 0.0 bath in Nanaimo
$4,135,000
For Sale

6001 Mountain View Rd #Proposed, Nanaimo BC V9T 6B9

Nanaimo, BC

0.0 bath · 51 days

Multi Family

Courtesy of 460 Realty Inc. (NA)

MLS® Reciprocity
600-620 Dallas Rd, Victoria BC V8V 1B5
600-620 Dallas Rd, Victoria BC V8V 1B5 - 0 bed, 0.0 bath in Victoria
$2,200,000
For Sale

600-620 Dallas Rd, Victoria BC V8V 1B5

Victoria, BC

0.0 bath · 52 days

Multi Family

Courtesy of Cathy Duncan & Associates Ltd.

MLS® Reciprocity
885 Old Esquimalt Rd, Esquimalt BC V9A 4W9
885 Old Esquimalt Rd, Esquimalt BC V9A 4W9 - 0 bed, 0.0 bath in Esquimalt
$6,750,000
For Sale

885 Old Esquimalt Rd, Esquimalt BC V9A 4W9

Esquimalt, BC

0.0 bath · 52 days

Multi Family

Courtesy of Pemberton Holmes Ltd.

MLS® Reciprocity
103 Lotus Pinnatus Way, Nanaimo BC V9R 4A7
103 Lotus Pinnatus Way, Nanaimo BC V9R 4A7 - 0 bed, 0.0 bath in Nanaimo
$5,900,000
For Sale

103 Lotus Pinnatus Way, Nanaimo BC V9R 4A7

Nanaimo, BC

0.0 bath · 55 days

Multi Family

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

MLS® Reciprocity
121 Harewood Rd, Nanaimo BC V9R 2Y7
121 Harewood Rd, Nanaimo BC V9R 2Y7 - 0 bed, 0.0 bath in Nanaimo
$814,900
For Sale

121 Harewood Rd, Nanaimo BC V9R 2Y7

Nanaimo, BC

0.0 bath · 58 days

Multi Family

Courtesy of eXp Realty (NA)

MLS® Reciprocity
535 Nicol St, Nanaimo BC V9R 4T5
535 Nicol St, Nanaimo BC V9R 4T5 - 0 bed, 0.0 bath in Nanaimo
$2,600,000
For Sale

535 Nicol St, Nanaimo BC V9R 4T5

Nanaimo, BC

0.0 bath · 60 days

Multi Family

Courtesy of Colliers International (Nan)

MLS® Reciprocity
3315 Hammond Bay Rd, Nanaimo BC V9T 1E4
3315 Hammond Bay Rd, Nanaimo BC V9T 1E4 - 0 bed, 0.0 bath in Nanaimo
$1,749,000
For Sale

3315 Hammond Bay Rd, Nanaimo BC V9T 1E4

Nanaimo, BC

0.0 bath · 61 days

Multi Family

Courtesy of Coldwell Baker Prestige Realty

MLS® Reciprocity

Investing on Vancouver Island

Vancouver Island's rental market remains strong, driven by limited housing supply, growing population, steady in-migration from the Mainland, and a large post-secondary student population in Victoria and Nanaimo. Vacancy rates across Vancouver Island communities have historically been among the lowest in British Columbia. Investors benefit from a combination of rental income potential and long-term property appreciation in a region with natural supply constraints and sustained demand. The Island's diverse economy, spanning government, military, technology, tourism, and education, provides stable tenant demand across economic cycles.

Popular Investment Strategies

Duplexes and triplexes allow owner-occupier investors to live in one unit while renting the others, offsetting mortgage costs significantly. Secondary suites in single-family homes, now permitted in most municipalities under provincial housing legislation, offer another income stream. Purpose-built rental properties in growing cities like Langford, Nanaimo, and Courtenay can generate steady cash flow. Short-term rental opportunities exist in tourism-heavy areas, though municipal regulations vary and should be verified before purchase. Strata-titled investment condos near universities provide reliable student tenant demand.

Regulatory Considerations

BC's tenancy laws, including rent increase caps tied to inflation, security deposit limits, and tenant protection rules, are important factors for landlords to understand. The province sets the maximum allowable rent increase annually. Municipalities may have additional regulations around secondary suites, short-term rentals, and multi-family zoning. Use this guide to evaluate rental potential and regulatory questions, then confirm property-specific advice with local professionals who know the municipality.

Considering a Greater Victoria Purchase? Get Offer-Ready.

The Prepared Buyer Program is available on Greater Victoria purchases.

Dallas King PREC, REALTOR with RE/MAX Generation, BCFSA licence 172638. Not intended to solicit properties already listed for sale or buyers or sellers already under contract.

MLS® property information is provided under copyright© by the Victoria and Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website must only be used by consumers for the purpose of locating and purchasing real estate.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

*Where indicated, "PREC" means Personal Real Estate Corporation.

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