Victoria All Real Estate and Homes for Sale $500K-$600K
731 Princess Ave
Vi Downtown
Victoria
V8T 1K5
$546,000
Commercial Sale
built: 1910
- 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.219 m2
- Lot Details:
- ~30x78'
- Taxes:
- $1,879 / 2022
- Construction:
- Frame Wood, Stucco
- Foundation:
- Concrete Perimeter
- Total Building Area:
- 1,493 sq. ft.139 m2
- 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)
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
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The information is from sources deemed reliable, but should not be relied upon without independent verification.