REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 20,800,000
Est. payment /mo
Active
850 Douglas St Victoria, BC V8W 2E1
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1021280
Rental Info Unrestricted
Year Built 1968
Annual Tax Amount $407,608
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Other
Property 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.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Zoning OTD-1
Exterior
Parking On Site 1
Building
Story 7
Others
Tax ID 004-061-209
Ownership Freehold
Listed by Jones Lang Lasalle Real Estate Services, Inc.