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1450 Government St

Victoria, BC V8W 1Z2
  • $10,900,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 902646
UPDATED: 205 min ago
$10,900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
Area:

Description

An exciting 21,538 sf retail strata investment opportunity in the heart of Victorias downtown core. The opportunity is comprised of one commercial strata unit fully leased long term providing an investment return of 5.74% with existing financing in place for an easy acquisition. Tenanted by MEC, a Vancouver born outdoor gear and retail brand founded in 1971 with 22 stores across Canada is known as the largest supplier of outdoor clothing and recreational gear in the Country. The Property offers exceptional frontage spanning the width of an entire city block, bound by Johnson Street, Government Street and Pandora Avenue.

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

VIVA (Vancouver Island & Victoria REBs) logo 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 Pinnacle Homes Group | eXp Realty Victoria. 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: 2022-07-07T04:02:35.643.
www.pinnaclehomesgroup.com/homes/128555122
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1450 Government St Victoria, BC V8W 1Z2

  • Price: $10,900,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 205 min ago
  • MLS #: 902646
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Vi Downtown
Area:
Victoria
School District:
Capital Regional District
Property Description
An exciting 21,538 sf retail strata investment opportunity in the heart of Victorias downtown core. The opportunity is comprised of one commercial strata unit fully leased long term providing an investment return of 5.74% with existing financing in place for an easy acquisition. Tenanted by MEC, a Vancouver born outdoor gear and retail brand founded in 1971 with 22 stores across Canada is known as the largest supplier of outdoor clothing and recreational gear in the Country. The Property offers exceptional frontage spanning the width of an entire city block, bound by Johnson Street, Government Street and Pandora Avenue.
Exterior Features

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

Interior Features

Fireplace YN No Heating YN No

Property Features

Existing Lease Type Sale Price Number Of Units In Community 1 Ownership Freehold/Strata Property Sub Type Retail Tax Annual Amount 120696.73 Tax Jurisdiction City Of Victoria Tax Year 2021

VIVA (Vancouver Island & Victoria REBs) logo Listing provided courtesy of Cbre Limited 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

VIVA (Vancouver Island & Victoria REBs) logo 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 Pinnacle Homes Group | eXp Realty Victoria. 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: 2022-07-07T04:02:35.643.
 
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Pinnacle Homes Group | eXp Realty Victoria
1321 Blanshard St., Suite 301
Victoria BC, V8W 0B7