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Listing by Austin Cope Colliers
$ 6,600,000
Est. payment /mo
Active
709 Yates St Victoria, BC V8W 1L6
18,458 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 18,458 sqft
Price per Sqft $357
MLS Listing ID 1032080
HOA Y/N No
Year Built 1904
Annual Tax Amount $83,929
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
709 Yates Street offers a rare opportunity to acquire a prime mixed-use asset in the heart of Downtown Victoria. Ideally situated along one of the city's main commercial corridors, the property benefits from exceptional visibility, strong pedestrian and vehicular traffic, and immediate access to major transit routes.
Surrounded by a vibrant mix of restaurants, cafés, national retailers, boutique shops, entertainment venues, and high-density office and residential developments, the location supports consistent foot traffic and strong tenant demand. The fully leased building features a stable income profile with longstanding tenants and a diverse mix of uses.
Investment highlights include built-in rental escalations across all leases, early renewals secured with key tenants including Haunted Manor Ltd. (to 2031) and Canada Post (to 2032), and significant long-term upside through rental growth and value-add potential.
Surrounded by a vibrant mix of restaurants, cafés, national retailers, boutique shops, entertainment venues, and high-density office and residential developments, the location supports consistent foot traffic and strong tenant demand. The fully leased building features a stable income profile with longstanding tenants and a diverse mix of uses.
Investment highlights include built-in rental escalations across all leases, early renewals secured with key tenants including Haunted Manor Ltd. (to 2031) and Canada Post (to 2032), and significant long-term upside through rental growth and value-add potential.
Location
Province BC
County Capital Regional District
Community Vi Downtown
Area Victoria
Zoning CBD-1
Interior
Fireplace No
Exterior
View Y/N false
Garage No
Others
Ownership Freehold
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