- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 989730
- Year Built:
- 1950
- Photos (27)
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Prime Downtown Victoria Investment Opportunity! This thriving two-storey commercial building is perfectly situated downtown between Vancouver and Cook St. Built in 1950 and seismically upgraded in 2008, it offers over 6,000 sq. ft. of versatile space. Currently operating as a successful restaurant and banquet hall, and a commercial kitchen powered by natural gas. A newer heating/cooling system ensures efficiency. Adding to the income potential, a 1-bedroom suite at the back of the lower level rents for approximately $2,000/month. Adjacent to a 30-unit micro-apartment building, this property is an ideal candidate for a mixed-use transformation, blending commercial and residential spaces (subject to zoning). This is a solid investment with multiple income streams. Don't miss out!
- Property Type:
- Commercial Sale
- Type:
- Retail
- Commercial Type:
- Building, Land
- Year built:
- 1950 (Age: 75)
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Vi Downtown, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 3,396 sq. ft.
- Taxes:
- Signup
- Construction:
- Brick & Siding, Concrete
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Number of Storeys:
- 2
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 6,734 sq. ft.
- Commercial Area:
- Signup
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Fireplace:
- No
- Pending Date:
- Signup
- Equip/Machinery, Real Estate
- Franchise
- Sign: Allowed, Wheelchair Access
- Street parking in front, 2 parking spots behind.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Utilities:
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
- Lot Site Features:
- Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 2
- Business Established Year:
- 2016
- Total Units:
- Signup
- Date Listed:
- Mar 04, 2025
- Original Price:
- 2999999.0
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Listed by eXp Realty
Data was last updated March 12, 2025 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 46
- Avg list price:
- $790,000
- Min list price:
- $50,000
- Max list price:
- $6,000,000
- Avg days on market:
- 58
- Min days on market:
- 2
- Max days on market:
- 786
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations.
- BLAKE PLAYFORD
- BLAKE PLAYFORD REAL ESTATE
- 1 (250) 8962099
- Contact by Email
Blake Playford
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