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2639 Quadra St
Vi Hillside Victoria V8X 5G1

$3,750,000
Commercial Sale

Main Photo: 2639 Quadra St in Victoria: Vi Hillside Retail for sale : MLS®# 933504
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
933504
Incredible Investment Opportunity Awaits! Discover an unparalleled investment opportunity in a prime location that promises exceptional returns. This property is a shining gem with a fully leased building featuring robust long-term leases with an advantageous 6% escalation clause. Its design has been carefully crafted for effortless maintenance, making it an investor's dream. Yet, the true allure of this property lies in its potential for future development. With thoughtful demarcation that considers essential setbacks for future development endeavours, it's a canvas ready for transformation. Our team is well-equipped to provide you with comprehensive information, valuable insights, and expert guidance to unlock the immense potential concealed within this property. Don't miss out on securing a savvy investment that guarantees stability and the promise of future growth. Seize this extraordinary opportunity today!
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Vi Hillside, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,100.056 sq. ft.
Taxes:
$26,324.57 / 2022
Building Features:
High Traffic Area, Parking, Transit Nearby
Construction:
Block
Electricity:
Yes
Floor finish:
Concrete
Commercial Area:
Core (excl Downtown)
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
Air Conditioning
Heating:
Forced Air
Fireplace:
No
Electric
Sign: Pylon
Next to Roxy Theatre
Main Level
0
Yes
No
Unrestricted
Assessed:
1639000.0
Assessment year:
2022
Net Operating Income:
173709.04
Jurisdiction name:
City of Victoria
Legal Description:
Lot 9, Block 16, Plan VIP240, Section 4, Victoria Land District
Zoning:
Commercial
Utilities:
Electricity Connected, Phone Connected
Lot Site Features:
Curb & Gutter, Rectangular Lot
Parking Features:
On Site
Total Parking Spaces:
0
Business Type:
Retail
Total Units:
4
Date Listed:
Jun 01, 2023
Original Price:
3750000.0
  • Photo 1: 2639 Quadra St in Victoria: Vi Hillside Retail for sale : MLS®# 933504
    Photo 1 of 1
Data was last updated September 30, 2023 at 08:05 PM (UTC)
Area Statistics
Listings on market:
92
Avg list price:
$852,450
Min list price:
$19,900
Max list price:
$11,500,000
Avg days on market:
122
Min days on market:
2
Max days on market:
430
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
ALAN PRATTEN

My Listings

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.