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MLS® 1046978

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $437,056
Days Active 1
Lot Size 0.37 Acres
Approx. Age 1968
MLS® Number 1046978

Property Address: 850 Douglas St, Victoria, BC, V8W2B6

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to purchase a 67, 999SF freehold office building with high-exposure ground floor retail in Downtown Victoria, ideally located at the hub of government, office, and tourism sectors in one of Canada's prime destinations. Over $1, 200, 000 in NOI presenting a 7%+ capitalization rate (August 2026 annualized income). This exceptionally maintained property benefits from over $1.48M in recent upgrades, including new boilers and an emergency generator. Strong roster of AAA tenancies from government, law, financial, education, technology, and F&B sectors provides a stable income stream in one of Canada’s most desirable locations. The new buyer will also enjoy +/- $1.279M amortization recovery available with over $215k occurring in 2026. Inquire today for more details.Show Description
MLS® Number1046978
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
DrivewayOn Site
Garage Spaces
HeatElectric, Natural Gas
A/C

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $17,029,000

For Sale · 0 days

$17,029,000

MLS® 1046978

9 hours ago

Not Sold Yet

August 2026, For Sale for $17,029,000

For Sale · 0 days

$17,029,000

MLS® 1046978

9 hours ago

Not Sold Yet

May 2026, Canceled for $450,000

Canceled · 0 days

$450,000

MLS® 894247

3 months ago

Canceled on Jul 19, 2022

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