For Sale
| 23,740 SQFT
Retail / Office
Price:
$7,500,000
JBW Commercial is pleased to present the opportunity to acquire 546 Yates Street, a freehold three-storey retail and office building of ±23,740 SF on a ±9,739 SF lot in Victoria’s historic Old Town.
The main floor offers ±8,419 SF across two long-term tenanted retail units with floor-to-ceiling street-front glazing. The second floor (±7,716 SF) is leased long term to Foundry (Island Health) to 2033, and the fully built-out third floor (±7,605 SF) is available, giving a purchaser an owner-occupier opportunity alongside in-place income. The building was renovated in 2008 (facade, roof, heat pumps), is elevator-served from a street-level lobby, and tenants are on triple-net leases. Zoned OTD-1.
Renovations:
Facade, roof, heat pumps: 2008
The property sits on the 500 block of Yates Street between Wharf and Government Streets, in the heart of Victoria’s Old Town and steps from the Inner Harbour. Neighbours include Perro Negro, Ferris’ Oyster Bar, Chuck’s Burger Bar, Outlooks for Men, Hughes, Starbucks and El Furniture Warehouse, surrounded by heritage buildings in one of Canada’s most walkable downtowns (Walk Score 99, Transit Score 93). The 360-stall City of Victoria parkade is directly across the street, with on-street pay parking along Yates and transit routes 6, 7, 11, 14, 22, 27 and 50 nearby.
Price:
$7,500,000
