Building Overview

The Abacus was extensively renovated in 2016, converting a once government building into a 53 unit strata building. The building consists of 1 bedroom, 2 bedroom and penthouse units that offer great views of the inner harbour and surrounding Old Town District of downtown Victoria. Secure underground parking is available for about half of the units.

Short Term rental/airbnb highlights

The Abacus was built in the height of the Airbnb boom, making the purchase for most Buyers a short term rental investment property. Over 80% of the units are currently operating as short term rentals. You couldn't ask for a better location, being a half block from the waterfront, and walking distance to all that downtown Victoria has to offer. 1 bedroom units can gross upwards of $40,000 annually, while 2 bedrooms will typically do between $60,000 - $65,000. If you are lucky enough to land a Penthouse, expect revenues in excess of $100,000 annually.