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546 Yates St
Vi Downtown Victoria V8W 1K8

$7,500,000
Commercial Sale built: 1975

Main Photo: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 1: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 2: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 3: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 4: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 5: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 6: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 7: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 8: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 9: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 10: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 11: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 12: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 13: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Photo 14: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1052494
Year Built:
1975
546 Yates Street presents the opportunity to acquire a freehold three-storey retail and office investment or owner-occupier property comprised of ±23,740 sq ft of leasable area on a ±9,739 sq ft lot. Located in the historic Old Town district of downtown Victoria, the building sits on the 500 block of Yates Street, directly opposite the 360-stall Yates Street Parkade. The retail level offers ±8,419 sq ft across two long-term tenanted units, both with floor-to-ceiling street-front glazing and strong street-front retail exposure. The second (±7,716 sq ft) and third (±7,605 sq ft) floors are built out as professional office space, the second floor on a long-term lease with Foundry and the third floor currently available, giving a purchaser an owner-occupier opportunity alongside the building's existing in-place income.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Year built:
1975 (Age: 51)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
9,739 sq. ft.
Taxes:
Number of Storeys:
3
Ceiling Heights:
Total Building Area:
23,740 sq. ft.
Commercial Area:
Subdivisable Area:
No
Subdivisable Area Max:
7,605 sq. ft.
Subdivisable Area Min:
1,500 sq. ft.
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
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:
Zoning:
OTD-1
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Total Units:
Date Listed:
Oct 16, 2026
Original Price:
7500000.0
  • Photo 1: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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  • Photo 2: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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  • Photo 10: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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  • Photo 11: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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  • Photo 13: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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  • Photo 14: 546 Yates St in Victoria: Vi Downtown Retail for sale : MLS®# 1052494
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Listed by JBW Commercial Inc.
Data was last updated October 17, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$399,000
Min list price:
$30,000
Max list price:
$8,500,000
Avg days on market:
96
Min days on market:
1
Max days on market:
601
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.
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.