Property Address: 850 Douglas St, Victoria, BC, V8W2E1
Average square foot calculated using Size range provided by listing agent.
Description
A 65, 855 SF freehold office building with high-exposure ground floor retail in Downtown Victoria. With a projected Year 1 NOI of $1.62M and a 7.8% yield. This exceptionally maintained property has benefited from $1.48M in recent upgrades, including new boilers and an emergency generator. Tenancy includes a diverse mix of government, retail, and professional service tenants , providing a stable income stream within one of Canada’s most resilient office markets. Victoria’s strong economy, low vacancy rate, and robust public sector underpin this asset’s long-term potential. Head lease is available for vacant areas, and Vendor Take Back mortgage may be offered.Show Description