New Development Victoria
1015 Fort St
Vi Downtown
Victoria
V8V 3K5
$2,999,999
Commercial Sale
built: 1950
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1012950
- Year Built:
- 1950
- Photos (26)
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Prime Downtown Victoria Investment Opportunity
Located between Vancouver and Cook Street, this thriving two-storey commercial building offers over 6,000 sq. ft. of flexible space in the heart of downtown. Originally built in 1950 and seismically upgraded in 2008, the property is currently home to a successful restaurant, banquet hall, and fully equipped natural-gas commercial kitchen. A newer heating and cooling system ensures comfort and efficiency.
Adding to its revenue potential, a 1-bedroom suite at the rear of the lower level generates approximately $2,000/month in rental income. With its central location—adjacent to a 30-unit micro-apartment building—this property presents an exceptional opportunity for a mixed-use redevelopment (subject to zoning), blending residential and commercial uses in one dynamic site.
A rare chance to acquire a solid downtown investment with multiple income streams and future growth potential.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Year built:
- 1950 (Age: 75)
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Downtown, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 3,396 sq. ft.316 m2
- Taxes:
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- Construction:
- Brick & Siding, Concrete
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Number of Storeys:
- 2
- Ceiling Heights:
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- Floor finish:
- Mixed
- Total Building Area:
- 6,734 sq. ft.626 m2
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Fireplace:
- No
- Pending Date:
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- Equip/Machinery, Real Estate
- Franchise
- Sign: Allowed, Wheelchair Access
- Street parking in front, 2 parking spots behind.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Utilities:
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
- Lot Site Features:
- Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 2
- Total Units:
- Signup
- Date Listed:
- Sep 05, 2025
- Original Price:
- 2999999.0
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Listed by eXp Realty
Data was last updated September 6, 2025 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 47
- Avg list price:
- $465,470
- Min list price:
- $10,000
- Max list price:
- $12,950,000
- Avg days on market:
- 101
- Min days on market:
- 1
- Max days on market:
- 963
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- BC HOME GROUP
- 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.