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1806-1814 Vancouver St

Victoria, BC V8T 5E3
  • $3,495,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 893700
UPDATED: 22 min ago
$3,495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
Built:
1988
Area:

Description

Free-standing professional buildings located at 1806 -1814 Vancouver St. This 1988 built property consists of two " 2 story buildings with a central parking lot for up to approximately 18 vehicles. The current ground floor configuration has 3 units totaling over 4900 sq ft and is fully leased.The 2nd floor walk-up office space (both sides of the building) is leased to one tenant and these units can be easily demised for a potential of 3 tenancies in total. The units all benefit from great natural light and there is high visibility pylon signage at the corner of Vancouver and North Park St. This property is currently on gross leases but still generates great returns and with a vacancy coming up, the opportunity exists for the next owner to transition to net leases and significantly increase the rents to market rates which will provide a considerable lift.The ability to steadily improve the net returns and the future upside of a redevelopment opportunity make this great holding property.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2022-05-25T16:22:57.813.
www.callvictoriahome.com/homes/125368855
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1806-1814 Vancouver St Victoria, BC V8T 5E3

  • Price: $3,495,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 22 min ago
  • MLS #: 893700
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1988
Built
Neighbourhood:
Vi Fernwood
Area:
Victoria
School District:
Capital Regional District
Property Description
Free-standing professional buildings located at 1806 -1814 Vancouver St. This 1988 built property consists of two " 2 story buildings with a central parking lot for up to approximately 18 vehicles. The current ground floor configuration has 3 units totaling over 4900 sq ft and is fully leased.The 2nd floor walk-up office space (both sides of the building) is leased to one tenant and these units can be easily demised for a potential of 3 tenancies in total. The units all benefit from great natural light and there is high visibility pylon signage at the corner of Vancouver and North Park St. This property is currently on gross leases but still generates great returns and with a vacancy coming up, the opportunity exists for the next owner to transition to net leases and significantly increase the rents to market rates which will provide a considerable lift.The ability to steadily improve the net returns and the future upside of a redevelopment opportunity make this great holding property.
Exterior Features

Entry Location Main Level Parking Features On Site Parking Total 18 View YN No Waterfront YN No

Interior Features

Fireplace YN No Heating YN No

Property Features

Existing Lease Type Sale Price Ownership Freehold Property Sub Type Office Rental Allowed Unrestricted Tax Annual Amount 40018 Tax Jurisdiction City Of Victoria Tax Year 2021 Youngest Age Allowed 0

Listing provided courtesy of Pemberton Holmes - Cloverdale and [CO-OFFICENAME].

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2022-05-25T16:22:57.813.
 
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Call Victoria Home | Sutton Group-West Coast Realty
103 4400 Chatterton Way
Victoria BC, V8X5J2