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Listing by Kevin H Meikle Jones Lang Lasalle Real Estate Services, Inc.

$20,800,000

Est. payment - /mo

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65,855 SqFt

Active

850 Douglas St Victoria, BC V8W 2E1

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Kyle Kerr PREC

kyle@initiumre.com +1(250) 818-5595

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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

NEARBY SCHOOLS & PROPERTIES

PROPERTIES

There are 1,171 listings nearby.

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1