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Main Photo: 1871 Oak Bay Ave in Victoria: Vi Jubilee Business for sale : MLS®# 1028775
Photo 1: 1871 Oak Bay Ave in Victoria: Vi Jubilee Business for sale : MLS®# 1028775
Photo 2: 1871 Oak Bay Ave in Victoria: Vi Jubilee Business for sale : MLS®# 1028775
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1028775
Well-established 50-seat restaurant with full liquor license, bar area, and private enclosed garden patio. Currently serving Chinese cuisine but easily adaptable to many other food concepts. This popular restaurant enjoys a loyal clientele from Oak Bay, Fairfield, and surrounding neighborhoods. Excellent high-visibility location on the south side of Oak Bay Avenue near Bank Street, just minutes from downtown Victoria and surrounded by professional and medical offices. Affordable rent and favorable lease terms make this a great turnkey opportunity for an owner-operator or chef. Perfect opportunity to continue the current concept or introduce your own menu and vision in a prime location. Strong potential for continued growth in this vibrant neighborhood. Don’t miss this opportunity.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Jubilee, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Taxes:
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Units in Building:
Units in Community:
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Mar 12, 2026
Original Price:
158000.0
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Listed by Pemberton Holmes Ltd.
Data was last updated March 20, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$1,499,900
Min list price:
$45,000
Max list price:
$23,500,000
Avg days on market:
78
Min days on market:
1
Max days on market:
391
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations. This data is not produced by the MLS® system.

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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.