About 3185 Quadra St
ACT FAST – PRICED UNDER ASSESSED VALUE! This fully leased, mixed-use property near Downtown Victoria delivers immediate income and long-term upside. Located at the high-traffic intersection of Quadra and Tolmie, the building features a 2,590 sq ft ground-floor commercial space leased to Arctic Spas, showcasing a dynamic showroom. The upper floors include one 1-bedroom and two 2-bedroom residential units, plus a top-floor 2-bedroom + den penthouse with a rooftop patio and city views. Major upgrades were completed in 2019, with additional updates to residential units in recent years. Offered below assessed value, this is a rare opportunity to secure a high-exposure, fully tenanted asset in a sought-after market. Updated appraisal and full financials available for qualified buyers upon signing a confidentiality agreement. Opportunities like this are rare—contact the listing agent today! Please respect tenant privacy—do not disturb.
Features of 3185 Quadra St
| MLS® # | 996057 |
|---|---|
| Price | $2,340,000 |
| Square Footage | 6,655 |
| Acres | 0.17 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 3185 Quadra St |
|---|---|
| Area | Vi Mayfair |
| City | Victoria |
| County | Capital Regional District |
| Province | BC |
| Postal Code | V8X 1E9 |
Amenities
| Utilities | Cable To Lot, Electricity To Lot, Natural Gas To Lot |
|---|---|
| View | City, Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Heat Pump, Natural Gas |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Balcony/Patio, Display Window, Fencing: Partial, Lighting, Signband, Storefront |
|---|---|
| Construction | Frame Wood, Stucco |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | April 22nd, 2025 |
|---|---|
| Days on Market | 174 |
| Zoning | C-1S |
Listing Details
| Office | eXp Realty (NA) |
|---|