A prominent stretch of downtown Victoria real estate—once slated to become a 20-storey hotel—is now up for sale under a court-ordered process after the project fell into receivership.
The offering includes three contiguous properties at 1114 and 1106 Blanshard Street and 780 Fort Street, forming a full city block in the heart of downtown.
Listed at $9.8 million, the package includes the historic Montrose Apartments and two adjacent commercial buildings collectively referred to as the “Wintergarden” properties.
The sale is being handled through a court-approved process and is subject to approval by the Supreme Court of British Columbia.
The site sits between Fort Street and View Street, just steps from the Inner Harbour and Victoria’s financial district, making it one of the most visible and strategically located land assemblies currently available in the city.
Back in November 2021, Victoria city council approved plans for a major redevelopment on the site.
The proposal, known as the Wintergarden Hotel, called for a 20-storey hotel at the corner of Blanshard and Fort streets, where Monk Office once resided.
Plans included a terrace, restaurant, bar and cafe, along with upgrades to the neighbouring Montrose Apartments, a heritage building with ground-floor retail and residential units above.
At the time, the project was seen as a significant addition to downtown Victoria’s growing tourism sector.
However, years later, the development has not materialized and the property has now entered receivership, forcing the sale.
The listing presents a rare three-property assembly in one of Canada’s most supply-constrained downtown markets.
In total, the site spans roughly 17,337 square feet and according to the listing, includes:
The Montrose Apartments, a heritage mixed-use building with 21 residential units and ground-floor retail
Two commercial buildings along Blanshard and Fort streets
A mix of 21 residential units and 12 commercial units across the properties
The Montrose Apartments, built in 1914, continue to generate rental income, while the adjacent properties offer significant redevelopment potential.
Despite the project’s collapse, the site’s development potential remains a key selling point, according to Colliers.
Previous ownership had already secured development permit approval for a hotel tower of roughly 175 rooms and nearly 92,500 square feet, demonstrating the scale of what could be built on the property.
According to the brochure, the location falls within Victoria’s Central Business District, where higher-density mixed-use developments are encouraged.
Future possibilities could include a hotel, residential units, retail space or a combination of uses, depending on municipal approvals.
Large, contiguous development sites in downtown Victoria are limited, particularly those covering an entire block.
The property is located near the Inner Harbour, retail corridors and government offices, and is within walking distance of transit and commercial services.
The court-ordered sale process invites offers through the listing brokerage, with final approval required by the court.
