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1 & 2 1411 Government St
Vi Downtown Victoria V8W 1Z1

$1,898,000
Commercial Sale

Main Photo: 1 & 2 1411 Government St in Victoria: Vi Downtown Retail for sale : MLS®# 921396
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
921396
RETAIL STRATA opportunity in Victoria's downtown core. Located on Government Street a few doors from the corner of Government and Johnson St. Outstanding 5340 SF in total with a main retail floor of 2077 SF, mezzanine of 1313 SF and lower level of 1950 which includes a secondary titled suit of 500 SF. Grand entrance with soaring ceiling allows for an exposed grand staircase leading to a highly visible mezzanine floor. Exceptional value given its exposure at one of Victoria's busiest intersections for foot or vehicular traffic. Unprecedented location and layout for those seeking a value asset to create a unique business concept.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
Number of Storeys:
3
Ceiling Heights:
Total Building Area:
5,340 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Total Units:
Date Listed:
Jan 12, 2023
Original Price:
1898000.0
  • Photo 1: 1 & 2 1411 Government St in Victoria: Vi Downtown Retail for sale : MLS®# 921396
    Photo 1 of 1
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated June 6, 2023 at 08:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$449,000
Min list price:
$25,000
Max list price:
$11,500,000
Avg days on market:
57
Min days on market:
4
Max days on market:
499
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.
JEFF MEYER
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.