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  • MLS® #: 417672
  • 581 Niagara St
  • Victoria, BC V8V 1H8
  • $1,349,000
  • 3200 SqFt, 0.08 Acres
  • Commercial
  • Office: Pemberton Holmes - Cloverdale

A great opportunity to purchase a mixed use building in beautiful James Bay.This building has recently undergone a complete renovation,with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately 1600 sq ft & occupied by the Niagara Market. The two newly renovated upper suites have separate private entrances and consist of a 2 bed suite and a large 1 bed suite.The suites have restored hardwood flooring and modern kitchens with over height ceilings and ensuite laundry.With the building built directly on 3 lot lines,a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant. Building generates over $80,000 in revenue and has room for increased lease rates. 4.4% Cap rate *Please do not approach staff. Call to set up viewings.


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Essential Information

  • MLS® #417672
  • Price$1,349,000
  • Square Footage3,200
  • Acres0.08
  • TypeCommercial
  • Sub-TypeRetail
  • StatusCurrent

Style

Mixed Use, Retail, Multi-Family

Community Information

  • Address581 Niagara St
  • SubdivisionVi James Bay
  • CityVictoria
  • StateBC
  • Zip CodeV8V 1H8

Amenities

  • FeaturesAwnings
  • Parking Spaces2

Exterior

  • Lot DescriptionView: City

Additional Information

  • Date ListedNovember 8th, 2019
  • Days on Market5
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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.