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. (id:60626)
| MLS® Number | 996057 |
| Property Type | Other |
| Neigbourhood | Mayfair |
| Plan | Vip961 |
| Sign Type | Signband |
| View Type | City View, Mountain View |
| Ceiling Height | 96 In |
| Cooling Type | Wall Unit |
| Fire Protection | Fire Alarm System |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Heat Pump |
| Size Exterior | 6655 Sqft |
| Type | Commercial Mix |
| Acreage | No |
| Size Irregular | 7473 |
| Size Total | 7473 Sqft |
| Size Total Text | 7473 Sqft |
| Zoning Description | C-1s |
| Zoning Type | Unknown |
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
