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Listing by David Boon William Wright Commercial Real Estate Services
$ 17,029,000
Est. payment /mo
New
850 Douglas St Victoria, BC V8W 2E1
65,855 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 65,855 sqft
Price per Sqft $258
MLS Listing ID 1046978
HOA Y/N No
Year Built 1968
Annual Tax Amount $437,056
Tax Year 2026
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Mixed Use
Property Description
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.
Location
Province BC
County Capital Regional District
Community Vi Downtown
Area Victoria
Zoning OTD-1
Interior
Heating Electric, Natural Gas
Fireplace No
Exterior
Parking Features On Site
View Y/N true
View City, Ocean
Garage No
Building
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
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