$2,340,000
FOR SALE

Commercial/Retail

3185 Quadra St
Victoria, BC V8X 1E9 | Mayfair

6%+ CAP RATE!! This fully leased, mixed-use property near Downtown Victoria delivers immediate income and long-term upside. Located at the high-traffic intersection of Quadra and Tolmie, the building features a 2,590 sq ft ground-floor commercial space leased to Arctic Spas, showcasing a dynamic showroom. The upper floors include one 1-bedroom and two 2-bedroom residential units, plus a top-floor 2-bedroom + den penthouse with a rooftop patio and city views. Major upgrades were completed in 2019, with additional updates to residential units recently. This is a rare opportunity to secure a high-exposure, fully tenanted asset in a sought-after market. Updated appraisal and full financials available for qualified buyers upon signing a confidentiality agreement. Opportunities like this are rare—contact the listing agent today! Please respect tenant privacy—do not disturb. (id:47421)
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Listed By eXp Realty (NA)
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 1028468
Last Updated Mar 16, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Neighbourhood Mayfair
Price History

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Detailed Information
Listing Contract Date 2026-03-10
Municipal ID 002-701-987
Ownership Type Freehold
Plan VIP961
Property Type Other
Signage Signband
Transaction Type For sale
Views City view, Mountain view
Zoning Description LVD-1
Zoning Unknown
Building
Ceiling Height 96 inches
Cooling Type Wall unit
Fire Protection Fire alarm system
Heating Fuel Natural gas
Heating Type Baseboard heaters, Heat Pump
Size (Exterior) 6655 square feet
Type Commercial Mix
Land
Total Size 7473 square feet
Size of Irregular Land 7473

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