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731 Princess Ave
Vi Downtown Victoria V8T 1K5

$546,000
Commercial Sale built: 1910

Main Photo: 731 Princess Ave in Victoria: Vi Downtown Industrial for sale : MLS®# 932268
Photo 1: 731 Princess Ave in Victoria: Vi Downtown Industrial for sale : MLS®# 932268
Photo 2: 731 Princess Ave in Victoria: Vi Downtown Industrial for sale : MLS®# 932268
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Status:
Sold
Sold Date:
Oct 31, 2023
Sold Price:
$546,000
Sold in:
165 days
Prop. Type:
Commercial Sale
MLS® Num:
932268
Year Built:
1910
NAI Commercial is pleased to offer this rare opportunity to own sought-after industrial land in the Lowtown - Rock Bay district. Walking distance into the downtown core and close to several large redevelopment sites, this is ideal for investors, owner-operators seeking a prime core location, or as an eclectic live/work location. M-1 zoning (light industrial) allows for a variety of uses including warehousing, live/work, and limited office/retail. With FSR of 3.0 and no setback requirements, this site has the potential for a 6000+SF warehouse on the ~2500 SF footprint (buyer to complete own DD). The 5-bedroom dwelling went through an extensive renovation in 2015 including a new roof and foundation repair. The rooms are currently rented individually. Extremely low maintenance backyard and rental manager make this a low effort property in its current state. Huge upside potential with commercial zoning.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building, Land
Year built:
1910 (Age: 115)
Lease Type:
Sale Price
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
2,354 sq. ft.
Lot Details:
~30x78'
Taxes:
$1,879 / 2022
Construction:
Frame Wood, Stucco
Foundation:
Concrete Perimeter
Total Building Area:
1,493 sq. ft.
Commercial Area:
Downtown
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Aug 02, 2023
Date Sold:
Oct 31, 2023
Fencing: Full
Main Level
0
Yes
No
Unrestricted
Assessed:
413200.0
Assessment year:
2022
Jurisdiction name:
City of Victoria
Legal Description:
Lot 11, Block A, Plan VIP8, Section 3, Victoria Land District, W PT
Zoning:
Industrial
Parking Features:
On Site
Total Parking Spaces:
2
Total Units:
1
Date Listed:
May 19, 2023
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Listed by NAI Commercial (Victoria) Inc., sold on October, 2023
Data was last updated May 12, 2025 at 10:05 PM (UTC)
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.