Blueprint Residences

Located in View Royal, immediately west of Downtown Victoria, Blueprint Residences is a newly constructed, four-building purpose-built rental community comprising 336 modern apartments across approximately 218,000 sq. ft. The property is situated on a 5.2-acre site adjacent to Victoria General Hospital and offers residents convenient access to major transportation corridors, employment nodes, and outdoor amenities. Developed in two phases, the asset represents one of the largest and most comprehensive multifamily rental projects ever delivered on Vancouver Island, featuring institutional-quality construction, a diverse unit mix, and extensive on-site amenities rarely seen at this scale in the region.

The transaction marked the largest single-asset multifamily sale in Vancouver Island history and attracted significant interest from institutional capital across the country. The successful outcome was the result of a national marketing effort that leveraged deep local market knowledge alongside the reach and execution capabilities of a national platform, and the asset was ultimately successfully transacted to a global institutional investment group. More broadly, the sale reflects sustained investor conviction in well-located, purpose-built rental housing in supply-constrained secondary markets, with Victoria and the West Shore continuing to emerge as key destinations for long-term multifamily investment capital.