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1522-1532 Pandora Ave
Vi Fernwood Victoria V8R 1A8

$2,950,000
Commercial Sale built: 1914

Main Photo: 1522-1532 Pandora Ave in Victoria: Vi Fernwood Mixed Use for sale : MLS®# 985151
Photo 1: 1522-1532 Pandora Ave in Victoria: Vi Fernwood Mixed Use for sale : MLS®# 985151
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
985151
Year Built:
1914
1522-1532 Pandora Avenue is approximately 0.22 acres and is currently zoned C1-N – Neighbourhood Shopping District. The Property is located in Victoria, British Columbia, on the north side of Pandora Avenue at the junction of Oak Bay Avenue and Fort Street. The property has been improved with 17 multi-residential units and four (4) ground-floor commercial units. The Property is being offered on an “as-is, where-is” basis. The unique offering presents a rare chance to re-invigorate one of Victoria’s most recognizable intersections, presenting considerable growth potential – with a 73% rental upside on the residential suites after stabilizing the 5 vacant units at market rates. *13,000 SF of building area is an estimation as the Vendor does not possess or control floor plans. 1602-1608 Fort Street is also available under a separate offering. Combined, these properties would represent an exceptional redevelopment opportunity with holding income.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1914 (Age: 111)
Lease Type:
Sale Price
Listing General Location:
Vi Fernwood, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
9,712 sq. ft.
Taxes:
$48,523.64 / 2024
Total Building Area:
13,000 sq. ft.
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
6848000.0
Assessment year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
PART LOT 10, PART LOT 11 EXCEPT PARCEL A (DD40094I), SECTION 75, VICTORIA, PLAN 1042 LYING N OF PANDORA AVE PARCEL A OF LOT 16 (DD 43119I) SECTION 75, VICTORIA, PLAN 1042 PART OF PARCEL B ( DD 58498I) LOTS 9 & 17, SECTION 75, VICTORIA, PLAN 1042
Zoning:
C1-N
Parking Features:
On Site
Total Units:
21
Date Listed:
Jan 21, 2025
Original Price:
2950000.0
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Listed by Colliers
Data was last updated April 8, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$1,380,000
Min list price:
$49,990
Max list price:
$6,900,000
Avg days on market:
77
Min days on market:
1
Max days on market:
813
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.