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581 Niagara St, Victoria, BC – $1,495,000

  • $1.5M Price
  • 3,200 Sqft
  • .08 Acres
  • 9 DOM
  • $1.5M Price
  • 3,200 Sqft
  • .08 Acres
  • 9 DOM

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581 Niagara St

Pleased to present the opportunity to purchase a free standing mixed use building in beautiful James Bay located at 581 Niagara St. This building has recently undergone a complete renovation, with new plumbing, electrical, insulation and a new roof in March 2019.The Ground floor space has housed a community grocery store since it was originally built in 1908, making it the oldest grocery store in Victoria. The ground floor commercial space is approximately 1600 sqft and is a licensed food establishment. The newly renovated upper suites have private entrance and consist of a 2 bedroom suite and a large 1 bedroom suite. With the building built directly on 3 lot lines, a large outdoor space has been created which can be used for parking or as an outdoor patio for the commercial tenant. Great opportunity for an opener operator or an investor. 4 % CAP rate and room for increased lease rates. *Please do not approach staff. Call to set up viewings.

Essential Information

  • MLS® #415277
  • Price$1,495,000
  • Square Footage3,200
  • Acres0.08
  • TypeCommercial
  • Sub-TypeRetail
  • StyleMixed Use, Multi-Family
  • StatusCurrent
  • Taxes$11,292
  • Tax Year2019

Community Information

  • Address581 Niagara St
  • SubdivisionVi James Bay
  • CityVictoria
  • ProvinceBC
  • Postal CodeV8V 1H8

Amenities

  • FeaturesFloor: Concrete, Floor: Mixed

Interior

  • # of Stories2

Exterior

  • ExteriorStucco & Siding
  • Lot DescriptionView: City

Additional Information

  • Listing OfficePemberton Holmes - Cloverdale
  • Date ListedSeptember 3rd, 2019
  • Days on Market9
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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.