850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
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Listing by David Boon William Wright Commercial Real Estate Services
$17,029,000
Est. payment /mo
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65,855 SqFt
New

850 Douglas St Victoria, BC V8W 2E1

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Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

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

NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

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

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850 Douglas St