Unveiling a Versatile Downtown Gem. Nestled between Vancouver and Cook St. in downtown Victoria, a two-storey building constructed in 1950 awaits its next chapter. With over 6,000 sq. ft. across two levels, this property boasts a seismic upgrade permit from 2008, signifying structural resilience. Presently a thriving restaurant and banquet hall, the property's allure deepens with a 1-bedroom suite at the bottom level's rear. What sets this offering apart is the comprehensive inclusion of all restaurant equipment, ensuring a seamless transition for aspiring restaurateurs. The kitchen, operating on natural gas, coupled with a recent heating/cooling system installation, enhances operational efficiency. However, the real estate allure extends beyond its current use. The adjacent building, featuring approximately 30 micro units, sets the stage for a mixed-use masterpiece. Zoning regulations permitting, envision a harmonious blend of commercial and residential spaces, tapping into the burgeoning demand for versatile urban living. Adaptive reuse is a viable option, transforming the existing structure into boutique offices, creative workspaces, or a fusion of retail and residential units. The symbiosis of historical charm and modern functionality creates a canvas for innovative redevelopment. This downtown gem is not merely a property; it's an investment canvas waiting for the strokes of creativity and foresight. As Victoria's landscape evolves, this property stands as a testament to the potential of adaptive urban redevelopment, offering an exciting venture for those with the vision to unlock its true value. (id:47421)
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Detailed Information
Features
Other
Listing Contract Date
2024-03-31
Municipal ID
007-724-420
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Retail
Transaction Type
For sale
Zoning Description
CA-42
Zoning
Unknown
Business
Business Type
Other, Restaurant
Business Subtype
Other
Building
Constructed Date
1950
Size (Exterior)
6134 square feet
Type
Retail
Land
Total Size
3396 square feet
Size of Irregular Land
3396
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