Rocket Web Labs Inc. Wix MLS IDX Real Estate

1806 Vancouver St

MLS® 893700

Property Description

Free-standing professional buildings located at 1806 -1814 Vancouver St. This 1988 built property consists of two – 2 story buildings with a central parking lot for up to approximately 18 vehicles. The current ground floor configuration has 3 units totaling over 4900 sq ft and is fully leased.The 2nd floor walk-up office space (both sides of the building) is leased to one tenant and these units can be easily demised for a potential of 3 tenancies in total. The units all benefit from great natural light and there is high visibility pylon signage at the corner of Vancouver and North Park St. This property is currently on gross leases but still generates great returns and with a vacancy coming up, the opportunity exists for the next owner to transition to net leases and significantly increase the rents to market rates which will provide a considerable lift.The ability to steadily improve the net returns and the future upside of a redevelopment opportunity make this great holding property.

Full Address

1806-1814 Vancouver St, Victoria BC V8T 5E3

MLS® Number

893700

Listing Price

$3,495,000

Property Type

Office

Year Built

1988

Living Area

0 SqFt

Bedrooms

Total Bathrooms

Tax Year

2021

Annual Tax Amount

$40,018

Interior Features

Lot Features

Exterior Features

Total Fireplaces

Water Source

Gas

Heating

Cooling

Sewer

Style of Home

Layout

Basement

Subdivision

Elementary School

Middle School

High School

Directions

Corner of North Park and Vancouver St.

Property Location

Listing by Pemberton Holmes - Cloverdale

Listing information last updated: Fri Mar 25 2022 09:22:48 GMT+0000 (Coordinated Universal Time)

Rocket Web Labs Inc. Wix MLS IDX Real Estate

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Jenny Bruce Personal Real Estate Corporation

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Rocket Web Labs Inc. Wix MLS IDX Real Estate

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