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1015 Fort St
Vi Downtown Victoria V8V 3K5

$3,299,999
Commercial Sale built: 1950

Main Photo: 1015 Fort St in Victoria: Vi Downtown Retail for sale : MLS®# 957686
Photo 1: 1015 Fort St in Victoria: Vi Downtown Retail for sale : MLS®# 957686
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
957686
Year Built:
1950
Two Storey building for sale downtown Victoria between Vancouver and Cook. St. Constructed in 1950, a permit was issued in 2008 for a seismic upgrade. Over 6,000 Sq. Ft. on two levels. Also includeds a 1 bedroom suite situated at the back of the bottom level that rents out for $2,000/month. Currently used as a thriving restaurant and banquet hall. Price includes all equipment to run a restaurant. Commercial kitchen runs on natural gas. Newer heating/cooling system was installed. The adjacent building, featuring approximately 30 micro units, sets the stage for a mixed-use masterpiece. Zoning regulations permitting, envision a harmonious blend of commercial and residential spaces, tapping into the burgeoning demand for versatile urban living.Great investment with many different potential income streams with the right ideas.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Year built:
1950 (Age: 74)
Lease Type:
See Remarks
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3,396.024 sq. ft.
Taxes:
Construction:
Brick & Siding, Concrete
Foundation:
Concrete Perimeter
Electricity:
Yes
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
6,134 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
Equip/Machinery, Real Estate
Franchise
Sign: Allowed, Wheelchair Access
Street parking in front, 2 parking spots behind.
Main Level
0
Yes
No
Unrestricted
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:
Zoning:
CA-42
Units in Building:
Units in Community:
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Lot Site Features:
Sidewalk
Parking Features:
On Site
Total Parking Spaces:
2
Business Type:
Restaurant/Bar, Other
Business Established Year:
2016
Total Units:
Date Listed:
Mar 31, 2024
Original Price:
3299999.0
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Listed by eXp Realty
Data was last updated May 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$299,000
Min list price:
$20,000
Max list price:
$9,500,000
Avg days on market:
97
Min days on market:
12
Max days on market:
490
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.