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
$ 7,500,000
Est. payment /mo
New
1222 Douglas St Victoria, BC V8W 2E5
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1004334
Rental Info Unrestricted
Annual Tax Amount $146,046
Tax Year 2024
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Mixed Use
Property Description
Situated on a ±15,214 corner lot in the heart of downtown Victoria, 1222 & 1280 Douglas Street offers a rare opportunity to acquire a prominently located building with strong in-place income and value-add potential. The existing national tenants provide stable cash flow from the ground floor, while the vacant second level presents purchasers with the opportunity to immediately lease, reposition, demise, or occupy the ±15,000 square feet on the second floor. It's central location offers immediate access to transit, amenities, and a high volume of pedestrian and vehicle traffic year-round. 5.6% cap rate based on in-place income with upside potential.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Building
Story 2
Others
Tax ID 000-643-033
Ownership Freehold
Listed by Colliers