New Development Victoria
705-711 Johnson St
Vi Downtown
Victoria
V8W 1M8
$3,975,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 969336
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705-711 Johnson Street spans three floors, with the main floor comprised of two commercial retail units over approximately 6,900 sq. ft., the second and third floors are each 5,168 sq. ft. and have a total of 41 residential units. The total building area is 17,236 sq. ft. The two retail spaces boast 16’ ceilings and prominent Johnson Street frontage. 705 Johnson Street is occupied by Board with Friends, a locally owned and operated boardgame café. 707 Johnson Street is currently vacant and is purpose built for a gym but can accommodate a range of other uses. Each space features its own washrooms, with an additional shower amenity in 707 Johnson Street. The upper levels house 41 single occupancy rooms, known as York Hotel, each level is equipped with half and full washrooms, with a laundry room on the third floor. The residential units are currently rented at below market rates, offering a potential to increase the overall income of the property.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Downtown, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Taxes:
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- Ceiling Heights:
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- Total Building Area:
- 17,236 sq. ft.1,601 m2
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- 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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- Jurisdiction name:
- City of Victoria
- Legal Description:
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- Total Units:
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- Date Listed:
- Jul 03, 2024
- Original Price:
- 3975000.0
Larger map options:
Listed by CBRE Limited
Data was last updated November 17, 2024 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 42
- Avg list price:
- $300,000
- Min list price:
- $16
- Max list price:
- $6,000,000
- Avg days on market:
- 117
- Min days on market:
- 12
- Max days on market:
- 671
These statistics are generated based on the current listing's property type
and located in
Vi Downtown. Average values are
derived using median calculations.
- 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.