- Active
1249 Rockland Avenue
Victoria · Multi-family
Listed by Pemberton Holmes Ltd. · MLS® 1050878
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Sign inAbout this home
The Laurels presents a rare opportunity to acquire one of Rockland’s most distinctive landmark properties, a 16-suite heritage apartment building situated on an approximately 32,746 sq. ft. corner site in one of Victoria’s most established and desirable neighbourhoods. Built circa 1889–90 as a residence for Robert and Mary Ward, the Queen Anne mansion later served as two schools before being converted to apartments in the late 1950s and expanded to 16 suites in 1965. Today, the property offers five bachelor, seven one-bedroom and four two-bedroom suites, together with shared laundry, storage and on-site parking. High ceilings, decorative millwork, hardwood floors, fireplaces and a grand central staircase preserve much of the character and craftsmanship of the original residence, with suites ranging from impressive main-level rooms to unique upper-level layouts. The Laurels has historically enjoyed near-full occupancy, reflecting strong rental demand in this highly sought-after location. Residents benefit from proximity to downtown Victoria, Cook Street Village, Government House, the Art Gallery of Greater Victoria, parks, shopping and neighbourhood amenities. The expansive lawn fronting Rockland Avenue also provides potential future upside. Following positive preliminary discussions with the City, the owner has submitted a subdivision application exploring the creation of one or two smaller building lots while retaining The Laurels and substantial on-site parking. Any subdivision or future construction is subject to required approvals. A great opportunity to acquire an established income-producing asset with enduring architectural character, strong rental appeal, long-term upside and an unbeatable Rockland location.
Home facts
- Parking
- 25
- Property type
- Multi-family
- Area
- Rockland
- Listed
- September 28, 2026
- Structure
- Multi-Family
- Common interest
- Freehold
Highlights
- High ceilings
Rooms and building
- Water
- Zoning
- Unknown
Listed by Pemberton Holmes Ltd. Last updated Nov 11, 2026, 11:10 AM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $27,135
- Property tax
- $1,667/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $28,952
Purchase snapshot
- List price
- $5,725,000
- Down payment
- $1,145,000 (20%)
- Estimated mortgage
- $4,580,000
Estimates only. They leave out utilities, upkeep and closing costs.
Neighbourhood
Walk to Market on Yates14 min
Bike to Capital City Station6 min
Walk to Capital City Station20 min
Drive to downtown Vancouver3h 54m
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 56%
Homes for sale nearby, by type
Condo / Apartment305 for sale
Detached127 for sale
Townhouse64 for sale
Duplex18 for sale
Other15 for sale
Land12 for sale
Active listings within 3 km of this home.
Homes built in Victoria, by type
Low-rise apartment47.2% · 125
Single-detached34.0% · 90
Apartment in duplex9.4% · 25
Semi-detached7.5% · 20
Row house1.9% · 5
Source: Statistics Canada, 2021 Census of Population. 265 dwellings.
Who lives here
Statistics Canada area 59170276 · Victoria
- Median age
- 48
- Renter households
- 43%
- Average household size
- 2.0
- Median household income
- $86,000
- Population (2021)
- 514
- Median rent
- $1,400
- Owner shelter cost
- $890
- 30%+ of income on shelter
- 28%
- Owner households
- 59%
- Households with kids
- 25%
- Immigrants
- 20%
- Post-secondary
- 77%
- Average home value (2021)
- $1,120,000
Breakdown
$10,000 to $14,9992.0% · 5
$15,000 to $19,9992.0% · 5
$25,000 to $29,9993.9% · 10
$30,000 to $34,9992.0% · 5
$35,000 to $39,9992.0% · 5
$40,000 to $44,9993.9% · 10
$45,000 to $49,9995.9% · 15
$50,000 to $59,9995.9% · 15
$60,000 to $69,9997.8% · 20
$70,000 to $79,9999.8% · 25
$80,000 to $89,9997.8% · 20
$90,000 to $99,9993.9% · 10
$100,000 to $124,99911.8% · 30
$125,000 to $149,9995.9% · 15
$150,000 to $199,99913.7% · 35
$200,000 and over11.8% · 30
Source: Statistics Canada, 2021 Census Profile, dissemination area 59170276.