Downtown Victoria Investment Opportunity – Endless Potential! Nestled between Vancouver and Cook St. in downtown Victoria, this versatile two-storey building is ready for its next chapter. Spanning over 6,000 sq. ft., this 1950-built property underwent a seismic upgrade in 2008, ensuring lasting structural integrity. Currently home to a thriving restaurant and banquet hall. A commercial kitchen powered by natural gas and a newer heating/cooling system maximize efficiency. Adding to its value, a 1-bedroom suite at the rear of the lower level rents for $2,000/month, offering an additional income stream. The real potential lies in adaptive reuse and redevelopment. Adjacent to a 30-unit micro-apartment building, this space presents an opportunity to create a vibrant mixed-use hub, blending commercial and residential elements (subject to zoning). Whether reimagined as boutique offices, creative workspaces, or a fusion of retail and living spaces, this property is a prime investment in Victoria’s evolving urban landscape. A rare opportunity to capitalize on downtown growth, this building is more than real estate—it's a canvas for innovation. Unlock its full potential and be part of Victoria’s future! (id:47421)
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Detailed Information
Features
Other
Listing Contract Date
2025-03-04
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
Building
Constructed Date
1950
Size (Exterior)
6734 square feet
Type
Retail
Land
Total Size
3396 square feet
Size of Irregular Land
3396
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