Commercial Real Estate
#103 3994 Shelbourne St
SE Mt Doug
Saanich
V8N 3E2
$2,880,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1053729
- Photos (15)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
An excellent opportunity to acquire a nearly 5,000 sq ft commercial strata unit in the rapidly developing
Shelbourne corridor. Unit 103 offers prominent street frontage, strong exterior signage opportunities, and access to a large
shared parking lot with ample customer parking, plus a rear area for staff parking and loading. It sits next to the newly redeveloped University Heights Shopping Centre, which is adding nearly 600 new rental apartments to an already busy, well-established commercial area. The unit is demised into two separate spaces. The approx. 3,766 sq ft restaurant space is fully built out, with a 20 ft commercial hood system and a food-primary liquor licence for approx. 90 guests.
The second space is leased to a professional tenant on a long-term lease, providing stable, reliable income. A great opportunity for a restaurant group looking to own their own property, plus the benefit of an income-generating unit. The restaurant unit can be provided vacant on possession.
- Property Type:
- Commercial Sale
- Type:
- Retail
- Commercial Type:
- Building
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- SE Mt Doug, Saanich East
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0 sq. ft.0 m2
- Taxes:
- Signup
- Number of Storeys:
- 2
- Ceiling Heights:
- Signup
- Total Building Area:
- 4,992 sq. ft.464 m2
- Commercial Area:
- Signup
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- District of Saanich (SD62)
- Legal Description:
- Signup
- Parking Features:
- On Site
- Business Type:
- Restaurant/Bar, Retail
- Total Units:
- Signup
- Date Listed:
- Nov 03, 2026
- Original Price:
- 2880000.0
Larger map options:
Listed by Pemberton Holmes Ltd.
Data was last updated November 10, 2026 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 15
- Avg list price:
- $249,999
- Min list price:
- $30,000
- Max list price:
- $15,300,000
- Avg days on market:
- 118
- Min days on market:
- 4
- Max days on market:
- 491
These statistics are generated based on the current listing's property type
and located in
Saanich East. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- BCHOMEGROUP.CA
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
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.
