Mixed Use located in Victoria - Vi Mayfair, V8X 1E9
sqft, Beds, Baths
Listed by Kristie HazeXp Realty (NA) - Listed On: April 22, 2025
- Type: Commercial Sale
- Exterior Features: Balcony/Patio, Display Window, Fencing: Partial, Lighting, Signband, Storefront,
- Cooling: Wall Unit(s),
- Heating: Baseboard, Heat Pump, Natural Gas,
- Flooring: Array
- Foundation Details: Concrete Perimeter,
- Lot Size: 0.17 acres
- Parking Features: On Site,
- View: Array
- Zoning: C-1S
Description
ACT FAST – PRICED UNDER ASSESSED VALUE with a 6%+ CAP RATE! This fully leased, mixed-use property near Downtown Victoria delivers immediate income and long-term upside. Located at the high-traffic intersection of Quadra and Tolmie, the building features a 2,590 sq ft ground-floor commercial space leased to Arctic Spas, showcasing a dynamic showroom. The upper floors include one 1-bedroom and two 2-bedroom residential units, plus a top-floor 2-bedroom + den penthouse with a rooftop patio and city views. Major upgrades were completed in 2019, with additional updates to residential units recently. Offered below assessed value, this is a rare opportunity to secure a high-exposure, fully tenanted asset in a sought-after market. Updated appraisal and full financials available for qualified buyers upon signing a confidentiality agreement. Opportunities like this are rare—contact the listing agent today! Please respect tenant privacy—do not disturb.