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850 Douglas St
Vi Downtown Victoria V8W 2E1

$17,029,000
Commercial Sale built: 1968

Main Photo: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 1: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 2: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 3: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 4: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 5: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 6: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 7: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 8: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 9: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 10: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Photo 11: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1046978
Year Built:
1968
Rare opportunity to purchase a 67,999SF freehold office building with high-exposure ground floor retail in Downtown Victoria, ideally located at the hub of government, office, and tourism sectors in one of Canada's prime destinations. Over $1,200,000 in NOI presenting a 7%+ capitalization rate (August 2026 annualized income). This exceptionally maintained property benefits from over $1.48M in recent upgrades, including new boilers and an emergency generator. Strong roster of AAA tenancies from government, law, financial, education, technology, and F&B sectors provides a stable income stream in one of Canada’s most desirable locations. The new buyer will also enjoy +/- $1.279M amortization recovery available with over $215k occurring in 2026. Inquire today for more details.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
1968 (Age: 58)
Lease Type:
Sale of Assets, Sale Price
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,320 sq. ft.
Taxes:
$437,056 / 2026
Building Features:
Basement, Bike Storage, Elevator: Passenger, Fire Sprinklers, High Traffic Area
Construction:
Steel and Concrete
Number of Storeys:
7
Total Building Area:
1.51 acre(s)
Leasable Area:
1.51 acre(s)
Commercial Area:
Downtown
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Electric, Natural Gas
Fireplace:
No
City, Ocean
Main Level
0
Yes
No
Unrestricted
Assessed:
2.1383E7
Assessment year:
2026
Jurisdiction name:
City of Victoria
Legal Description:
LOT 1, PLAN VIP16810, VICTORIA LAND DISTRICT, OF LOTS 349, 350, 351, 363 & 364
Zoning:
OTD-1
Units in Building:
17
Parking Features:
On Site
Total Units:
17
Date Listed:
Aug 11, 2026
Original Price:
1.7029E7
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  • Photo 11: 850 Douglas St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1046978
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Listed by William Wright Commercial Real Estate Services
Data was last updated August 21, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$451,500
Min list price:
$30,000
Max list price:
$17,029,000
Avg days on market:
86
Min days on market:
1
Max days on market:
544
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.
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.