Downtown Victoria Investment Opportunity – Endless Potential!
Nestled between Vancouver and Cook St. in downtown Victoria, this versatile two-storey building is ready for its next chapter. Spanning over 6,000 sq. ft., this 1950-built property underwent a seismic upgrade in 2008, ensuring lasting structural integrity.
Currently home to a thriving restaurant and banquet hall. A commercial kitchen powered by natural gas and a newer heating/cooling system maximize efficiency. Adding to its value, a 1-bedroom suite at the rear of the lower level rents for $2,000/month, offering an additional income stream.
The real potential lies in adaptive reuse and redevelopment. Adjacent to a 30-unit micro-apartment building, this space presents an opportunity to create a vibrant mixed-use hub, blending commercial and residential elements (subject to zoning). Whether reimagined as boutique offices, creative workspaces, or a fusion of retail and living spaces, this property is a prime investment in Victoria’s evolving urban landscape.
A rare opportunity to capitalize on downtown growth, this building is more than real estate—it's a canvas for innovation. Unlock its full potential and be part of Victoria’s future!
Address
1015 Fort St
List Price
$2,999,999
Property Type
Commercial Sale
Type of Dwelling
Retail
Area
Victoria
Sub-Area
Vi Downtown
Lot Size
3396 Sq. Ft.
Lot Size (Acres)
0.08 Ac.
Year Built
1950
MLS® Number
989730
Listing Brokerage
eXp Realty
Postal Code
V8V 3K5
Tax Amount
$35,147.83
Tax Year
2024
Features
Mixed
Amenities
Sidewalk, Sign: Allowed, Wheelchair Access
