Devon Properties and Avison Young Victoria are pleased to present for sale the Lim Dat Building — a fully revitalized landmark investment opportunity located in the heart of Victoria’s historic Old Town. Comprising 24 residential units and 11 commercial units with frontage along Government Street, the Lim Dat Building seamlessly blends heritage architecture with modern upgrades.
The Lim Dat Building is celebrated as the longest-standing building in Victoria’s Chinatown and has undergone nearly $1.8 million in capital improvements since 2015. The property offers a mix of stabilized and value-add tenancies, with below-market rents and renovation potential in select units, presenting a rare chance to acquire a character-rich asset with income growth potential.
This is a unique opportunity to invest in one of Victoria’s most vibrant, high-traffic corridors, anchored by strong retail demand, exceptional walkability, and a rich cultural legacy.
To access this listing, please create a free account
Listed by Devon Properties and AY Victoria Realty Ltd.
Data was last updated July 26, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
50
Avg list price:
$548,935
Min list price:
$10,000
Max list price:
$13,500,000
Avg days on market:
122
Min days on market:
9
Max days on market:
921
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.