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Main Photo: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
Photo 1: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
Photo 2: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
Photo 3: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
969336
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:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Taxes:
Ceiling Heights:
Total Building Area:
17,236 sq. ft.
Commercial Area:
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:
Units in Building:
Units in Community:
Total Units:
Date Listed:
Jul 03, 2024
Original Price:
3975000.0
  • Photo 1: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
    Photo 1 of 3
  • Photo 2: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
    Photo 2 of 3
  • Photo 3: 705-711 Johnson St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 969336
    Photo 3 of 3
Listed by CBRE Limited
Data was last updated October 31, 2024 at 02:05 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:
114
Min days on market:
9
Max days on market:
654
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations.
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.