A 65,855 SF freehold office building with high-exposure ground floor retail in Downtown Victoria. With a projected Year 1 NOI of $1.62M and a 7.8% yield. This exceptionally maintained property has benefited from $1.48M in recent upgrades, including new boilers and an emergency generator. Tenancy includes a diverse mix of government, retail, and professional service tenants ,providing a stable income stream within one of Canada’s most resilient office markets. Victoria’s strong economy, low vacancy rate, and robust public sector underpin this asset’s long-term potential. Head lease is available for vacant areas, and Vendor Take Back mortgage may be offered.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Building
Year built:
1968
(Age: 58)
Lease Type:
Sale of Assets
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
16,320 sq. ft.1,516 m2
Taxes:
$407,608.68 /
2025
Number of Storeys:
7
Total Building Area:
1.51 acre(s)0.61 hectare(s)
Leasable Area:
1.51 acre(s)0.61 hectare(s)
Commercial Area:
Downtown
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
2.152E7
Assessment year:
2025
Jurisdiction name:
City of Victoria
Legal Description:
LOT 1, PLAN VIP16810, VICTORIA LAND DISTRICT, OF LOTS 349, 350, 351, 363 & 364
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Listed by Jones Lang Lasalle Real Estate Services, Inc.
Data was last updated February 14, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$773,000
Min list price:
$45,000
Max list price:
$20,800,000
Avg days on market:
108
Min days on market:
2
Max days on market:
357
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations. This data is not produced by the MLS® system.