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Every Other Apartment at This Address Costs More.
The Difference Is This One Lets You Decide
What It Looks Like on the Inside.
THE PROBLEM
The VI apartment search has a ceiling problem.
You know exactly where you want to be. Oniru --- the quieter, more residential pocket of Victoria Island, directly off the expressway, between the commercial density of VI proper and the ocean-front leisure belt. You have driven through it. You have priced it. You know what comparable finished apartments in this corridor cost.
You also know that what you can see in most of those listings --- the developer's default cream walls, the standard-issue tiles, the kitchen cabinets that nobody asked for but nobody changed --- is not what your home should look like.
You have a specific idea of what your apartment will be. Not a show flat version of someone else's idea of premium. Yours. The ceiling height you want to accentuate, the flooring material you want underfoot, the kitchen configuration that works for how your household actually uses a kitchen, the finish quality that tells anyone who walks in that this apartment was designed by someone with a point of view.
Every developer-finished apartment you have looked at in this corridor required you to either accept their decisions or spend additional capital undoing them after purchase.
This listing skips that entirely.
THE AGITATION
Here is the specific frustration of the Lagos apartment market that nobody in this conversation names directly.
Developer-finished apartments in Oniru VI at the market rate --- ₦250M, ₦300M, ₦350M and above --- are priced to include the developer's finishing margin. You are paying for their choice of tiles. Their choice of kitchen. Their choice of fittings, bathroom ware, ceiling treatment, and wall finish. None of those choices consulted you. Many of them you would not have made.
You pay a full premium price. You get a standard-issue interior.
Then you either live in it and feel the mismatch every morning, or you renovate it and pay twice --- once for the finishes you didn't want, and again to replace them with what you actually want.
Meanwhile, the rent you are paying for your current address continues. The landlord continues to increase it annually. The equity you are building stays at zero. The interior you have been imagining for your own home stays imaginary.
The carcass model exists for exactly this buyer. Not as a budget option. As a design freedom option. The developer builds the structure, the shell, the exterior, the building systems --- and hands you the canvas. You decide what the interior becomes.
At ₦219M in Oniru VI. With Governor's Consent. In a serviced building.
That is not a compromise. That is an invitation.
THE SOLUTION
This 2-bedroom apartment in Oniru, Victoria Island, is available as a carcass unit --- exterior complete, building systems in place, interior ready for your specification --- at a price that is confirmed by the agent themselves to be below the going rate for comparable finished apartments in this corridor.
The gap between the carcass price and the finished market rate in Oniru VI is your finishing budget. Or your margin. Or both.
Here is exactly what the acquisition delivers:
Oniru, Victoria Island --- directly off the expressway. Oniru sits at the eastern edge of VI, accessible directly from the Ozumba Mbadiwe--Lekki expressway. You are on the Island. Your commute to VI's commercial core, to the Marina, to Ikoyi, to the Third Mainland Bridge approach --- all of it measures in minutes, not hours. The professional who has been commuting from Lekki or the mainland to a VI office will understand immediately what this address does to a Monday morning. Oniru is the address that closes that commute --- permanently, on your terms.
104 square metres --- a real apartment, not a compressed floor plan. 104sqm for a 2-bedroom is above the market average for new-build apartments in this corridor. The rooms are proportionate. The living space is functional. The kitchen area has room to design properly, not just to fit appliances in. When you commission the interior, you are not working around a constrained footprint. You are working with genuine space.
The interior is entirely yours to specify. POP ceilings --- your design. Flooring --- your choice of material, finish, tone, and texture. Walls --- your colour scheme, your finish quality, your feature treatments. Kitchen --- your layout, your cabinet specification, your counter material, your appliance selection. Bathrooms --- your ware, your tile, your shower configuration. Nothing in this apartment has been decided by a developer's cost-per-unit calculation. Every surface, every fitting, every finish is a decision you will make, at a quality level you will choose, with a budget you will control. For the professional who has a specific interior vision and has been forced by the market to buy someone else's version --- this is the correct purchase.
The building is serviced. The exterior is complete --- as visible in the listing photos --- and the building's infrastructure is operational. The building management is in place. You are not buying into a half-finished project. You are buying a unit within a completed building, in a working development, with a serviced estate management structure. The carcass applies to the interior of your specific unit. Everything external to your front door is done.
Governor's Consent title. Confirmed, registered, available for solicitor review. For a ₦219M acquisition in VI, the title clarity is not optional. It is in place.
Three acquisition options in the same building --- one conversation covers all three:
Unit TypePrice1-Bedroom ₦120,000,000
2-Bedroom NRA (Non resident apartment) ₦207,900,000
2-Bedroom Regular ₦219,000,000
Each unit is priced below the comparable finished market rate in Oniru VI --- which means each entry point includes headroom for interior investment that brings the finished apartment to or above market standard, without crossing the fully finished market price ceiling.
For the investor who is thinking in yield terms: a self-specified, owner-finished 2-bedroom in Oniru VI --- with a finish quality that reflects the buyer's own standard rather than the developer's margin --- commands the upper end of the Oniru VI rental range. The investment case builds itself.
Oniru, Victoria Island sits on elevated ground within the VI corridor. The area is above the flood-risk zones that affect lower-lying parts of Lagos Island. The expressway access road to this development is maintained and does not carry the waterlogging that affects streets in less considered parts of VI. Smilebay Realties does not list properties in flood-prone areas. This property was assessed against that standard before listing. It passed.
THE CALL TO ACTION
This is not the listing for the buyer who wants to walk into a finished apartment and sign.
That buyer pays the full going rate, gets the developer's decisions, and moves in to an interior they did not design.
This listing is for the buyer who wants the address --- Oniru, Victoria Island, directly off the expressway, Governor's Consent, serviced building, below going-rate acquisition price --- and wants the interior to reflect who they actually are.
One viewing shows you the building, the unit size, the exterior finish, and the canvas you are acquiring. What happens on the inside of that canvas is entirely your decision.
Three unit types available. All at confirmed below-market pricing. All in the same building.
Call or WhatsApp Smilebay Realties: +234 901 517 4801
The address is Victoria Island.
The interior is yours to design.
The price is below what finished units in this corridor cost.
All three of those things are rarely available in the same conversation.
2 Bedrooms 2 Bathrooms 3 Toilets 104sqm Carcass Unit (Interior for Buyer Specification)
Exterior Complete Building Systems In Place Serviced Building Underground parking swimming pool Gym
Governor's Consent Directly Off Expressway, Oniru, Victoria Island (VI), Lagos
2-Bedroom Regular: ₦219,000,000 2-Bedroom NRA (non resident apartment) : ₦207,900,000 1-Bedroom: ₦120,000,000
Listed by Smilebay Realties Limited Ref: 3321751
| Property Ref: 3321751 | Added On: 01 Feb 2026 | Last Updated: 20 Jun 2026 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 2 |
| Bathrooms: 2 | Toilets: 3 | Total Area: 104 sqm |
| Servicing: Serviced |
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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