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Listing by Kevin H Meikle Jones Lang Lasalle Real Estate Services, Inc.
$ 20,800,000
Est. payment /mo
Active
850 Douglas St Victoria, BC V8W 2E1
65,855 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 65,855 sqft
Price per Sqft $315
MLS Listing ID 1021280
HOA Y/N No
Year Built 1968
Annual Tax Amount $407,608
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Other
Property Description
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.
Location
Province BC
County Capital Regional District
Community Vi Downtown
Area Victoria
Zoning OTD-1
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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