Investor Intelligence
Victoria BC investment condos: cap rate and cash flow analysis.
Every active condo in Greater Victoria is scanned nightly. The numbers below reflect the most recent engine output: estimated market rent, cap rate at purchase price, and undervaluation relative to recent comparable sales.
Last updated: September 1, 2026
Active listings scanned
128,950
Avg cap rate
2.72%
Avg undervaluation (flagged deals)
13.9%
Greater Victoria submarket snapshot.
Grouped by MLS subarea. Cap rates shown at purchase price using market-rate rent estimates and a 20% down payment at prevailing mortgage rates.
About these figures: The cap rates below represent the full active listing inventory, including listings priced at or above market value. The IslandSold scoring engine identifies the subset of listings that clear the investment threshold — those deals typically carry cap rates of 5 to 7%. Use this table to understand submarket variation, not as a benchmark for what a qualified deal looks like.
| Submarket | Listings | Avg price | Avg market rent | Avg cap rate |
|---|---|---|---|---|
| SW Marigold | 16 | $800K | $4,730/mo | 6.38% |
| Sk Kemp Lake | 39 | $399K | $1,745/mo | 4.13% |
| Si Sidney North-West | 32 | $695K | $3,665/mo | 4.07% |
| SE Maplewood | 434 | $421K | $2,296/mo | 3.91% |
| SE Mt Doug | 195 | $579K | $2,904/mo | 3.85% |
| CS Island View | 138 | $866K | $3,982/mo | 3.78% |
| SW Tillicum | 1592 | $407K | $2,027/mo | 3.67% |
| SW Gateway | 160 | $525K | $2,467/mo | 3.62% |
| La Olympic View | 33 | $625K | $2,882/mo | 3.60% |
| SW Rudd Park | 115 | $414K | $2,013/mo | 3.60% |
| SE Quadra | 5216 | $464K | $2,149/mo | 3.57% |
| Sk Sooke Vill Core | 966 | $545K | $2,532/mo | 3.56% |
| La Glen Lake | 867 | $452K | $1,893/mo | 3.51% |
| Sk Billings Spit | 568 | $390K | $1,791/mo | 3.47% |
| Vi Mayfair | 402 | $504K | $2,308/mo | 3.44% |
| SE Mt Tolmie | 1787 | $487K | $2,254/mo | 3.42% |
| SW Gorge | 1165 | $452K | $2,317/mo | 3.39% |
| Vi Fernwood | 990 | $462K | $2,139/mo | 3.39% |
| SE Broadmead | 196 | $746K | $3,327/mo | 3.37% |
| La Florence Lake | 3826 | $526K | $2,143/mo | 3.33% |
| La Thetis Heights | 233 | $547K | $2,371/mo | 3.31% |
| Co Hatley Park | 93 | $498K | $2,114/mo | 3.27% |
| Vi Hillside | 2014 | $485K | $2,223/mo | 3.26% |
| La Langford Lake | 2134 | $490K | $1,961/mo | 3.25% |
| Vi Central Park | 1035 | $410K | $1,881/mo | 3.22% |
| La Mill Hill | 2190 | $495K | $2,000/mo | 3.21% |
| SE Swan Lake | 677 | $489K | $2,202/mo | 3.17% |
| La Walfred | 775 | $500K | $2,133/mo | 3.17% |
| La Langford Proper | 6565 | $495K | $2,032/mo | 3.15% |
| Si Sidney North-East | 1917 | $729K | $2,596/mo | 3.13% |
| La Jacklin | 1306 | $514K | $2,103/mo | 3.09% |
| OB Henderson | 79 | $614K | $2,633/mo | 3.07% |
| VR Six Mile | 1667 | $596K | $2,320/mo | 3.05% |
| La Fairway | 1983 | $501K | $2,093/mo | 3.03% |
| SE Lambrick Park | 1127 | $537K | $2,210/mo | 3.02% |
| La Westhills | 1936 | $561K | $2,111/mo | 2.98% |
| La Goldstream | 299 | $554K | $2,271/mo | 2.98% |
| Es Gorge Vale | 551 | $703K | $2,776/mo | 2.97% |
| CS Saanichton | 1073 | $730K | $2,480/mo | 2.96% |
| Vi Burnside | 3113 | $493K | $2,007/mo | 2.92% |
| VR View Royal | 2797 | $621K | $2,043/mo | 2.90% |
| Vi Jubilee | 1448 | $543K | $2,069/mo | 2.89% |
| Co Colwood Corners | 1024 | $460K | $1,966/mo | 2.88% |
| SE Camosun | 559 | $553K | $1,833/mo | 2.87% |
| La Atkins | 88 | $452K | $1,783/mo | 2.86% |
| Vi Oaklands | 1522 | $450K | $1,813/mo | 2.85% |
| Es Old Esquimalt | 1460 | $627K | $2,046/mo | 2.84% |
| Vi Fairfield East | 504 | $741K | $2,527/mo | 2.84% |
| Vi Fairfield West | 2122 | $612K | $2,348/mo | 2.78% |
| SW Royal Oak | 1652 | $618K | $2,210/mo | 2.74% |
| SE High Quadra | 815 | $665K | $2,431/mo | 2.74% |
| Co Royal Bay | 2243 | $621K | $1,971/mo | 2.70% |
| Vi Rock Bay | 622 | $784K | $2,995/mo | 2.68% |
| VR Glentana | 65 | $627K | $2,197/mo | 2.66% |
| CS Turgoose | 2884 | $718K | $2,467/mo | 2.63% |
| Es Saxe Point | 1597 | $724K | $2,182/mo | 2.62% |
| Co Latoria | 545 | $436K | $1,694/mo | 2.61% |
| La Bear Mountain | 8184 | $713K | $2,389/mo | 2.60% |
| Es Rockheights | 4088 | $591K | $1,834/mo | 2.59% |
| Co Lagoon | 376 | $588K | $2,177/mo | 2.59% |
| SE Gordon Head | 707 | $529K | $1,637/mo | 2.55% |
| CS Brentwood Bay | 873 | $654K | $2,314/mo | 2.53% |
| SE Cordova Bay | 2973 | $1.18M | $3,563/mo | 2.52% |
| Si Sidney South-East | 2212 | $931K | $2,594/mo | 2.49% |
| Es Kinsmen Park | 1514 | $598K | $1,928/mo | 2.47% |
| SE Ten Mile Point | 75 | $985K | $3,509/mo | 2.33% |
| OB South Oak Bay | 1707 | $1.18M | $3,036/mo | 2.32% |
| SE Cedar Hill | 2017 | $524K | $2,113/mo | 2.23% |
| Es Esquimalt | 1296 | $752K | $2,078/mo | 2.13% |
| OB Estevan | 345 | $997K | $2,813/mo | 2.10% |
| VR Hospital | 177 | $435K | $1,481/mo | 2.07% |
| Vi Downtown | 25420 | $596K | $1,899/mo | 2.07% |
| Vi James Bay | 3815 | $929K | $2,668/mo | 1.91% |
| Vi Rockland | 557 | $990K | $2,524/mo | 1.82% |
| SE Cadboro Bay | 22 | $724K | $2,138/mo | 1.79% |
| SE Lake Hill | 293 | $502K | $1,575/mo | 1.75% |
| Sk Silver Spray | 706 | $882K | $2,283/mo | 1.36% |
| OB North Oak Bay | 102 | $1.24M | $2,362/mo | 1.10% |
| NS Bazan Bay | 40 | $2.36M | $4,545/mo | 1.03% |
Figures are model outputs based on publicly available listing data and rental comp estimates. They are not a guarantee of income or return. Cap rate calculations assume a 20% down payment, 25-year amortization, and current 5-year fixed mortgage rates. Always conduct independent due diligence.
How these numbers are calculated.
Market rent estimate
Derived from a live rental comp database sourced from listings in the same subarea. The engine matches on bedroom count, approximate square footage, and recency of listing. Conservative, market, and optimized estimates are generated; cap rates use the market figure.
Cap rate at purchase price
Net operating income divided by list price. NOI is gross annual rent minus strata fees, property taxes, and an insurance estimate. The mortgage payment is excluded from NOI (this is an unlevered return metric). Figures are shown in basis points in the engine and converted to percentages here.
Undervaluation estimate
The engine compares each listing to recent sales of comparable units in the same building or subarea. Listings that appear to be priced below the modelled fair value range are flagged. Only listings with sufficient comp data are included in the undervaluation average.
Deal score and threshold
A composite score weighing cap rate, undervaluation, risk flags, and comp confidence. Listings that clear the threshold are surfaced to verified investors. The scoring methodology is described in detail on the methodology page.
Full scoring methodology: How the IslandSold investor engine works.
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The table above shows submarket averages. Verified investors receive full deal cards: address, cap rate, cash flow, break-even rent, undervaluation flag, and risk notes — for each listing that clears the threshold.