131-139 Menzies St, Victoria, BC V8V 2G4
131-139 Menzies St, Victoria, BC V8V 2G4
131-139 Menzies St, Victoria, BC V8V 2G4
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Jason Anson

Jason Anson

+1(250) 252-7653
Listing by Austin Cope Colliers
$3,900,000
Est. payment /mo
0.31 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1036055

HOA Y/N No

Annual Tax Amount $12,874

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Unimproved Land

Property Description

131, 135 & 139 Menzies Street offers the opportunity to acquire a fully entitled multifamily development site in Victoria's James Bay neighbourhood. The ±13,389 SF consolidated site is rezoned and development permit approved for a 4-storey, 43-unit rental apartment building with one ground-floor commercial unit, totaling approximately 29,531 SF of gross building area.

The project is BP ready and remains under the previous building code, providing potential construction cost savings and allowing for near-term development. The approved unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom units designed to support Victoria's growing rental housing demand.

Located within walking distance of Downtown Victoria, the Inner Harbour, Dallas Road waterfront, grocery stores, restaurants, and transit, the property is well positioned in one of Victoria's most established and walkable neighbourhoods

Location

Province BC

County Capital Regional District

Community Vi James Bay

Area Victoria

Zoning CVD-1 Community Village D

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Street Surface Paved

Garage No

Others

Ownership Freehold

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Jason Anson
Jason Anson

Agent | License ID: 188385

+1(250) 252-7653 | sold@jasonanson.ca

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131-139 Menzies St

This page highlights a For Sale Listing, giving you a closer look at property details while also connecting you to the broader real estate market on Vancouver Island. Every listing is part of a larger story shaped by neighbourhood activity and regional demand. I have lived on Vancouver Island for more than 30 years and know how communities change over time. In my professional work I focus on proving actual market value with market movement data, helping both buyers and sellers see where a property fits in today’s market. Use these guides to explore regional areas and compare this listing with the wider housing story of the island at Living on Vancouver Island.