850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
850 Douglas St, Victoria, BC V8W 2E1
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Layne Britton PREC*

Layne Britton PREC*

+1(250) 588-6011
Listing by David Boon William Wright Commercial Real Estate Services
$ 17,029,000
Est. payment | /mo

65,855 SqFt

Save
$ 17,029,000
Est. payment | /mo
Save

65,855 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 65,855 sqft

Price per Sqft $258

MLS Listing ID 1046978

HOA Y/N No

Year Built 1968

Annual Tax Amount $437,056

Tax Year 2026

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Mixed Use

Property 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.

Location

Province BC

County Capital Regional District

Community Vi Downtown

Area Victoria

Zoning OTD-1

Interior

Heating Electric, Natural Gas

Fireplace No

Exterior

Parking Features On Site

View Y/N true

View City, Ocean

Garage No

Building

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

Nearby Locations

Layne Britton PREC*

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 588-6011

layne@expertrealestategroup.ca

301-1321 Blanshard Street Victoria, British Columbia V8W 0B6

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850 Douglas St