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$5,300
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
MLS Listing ID 1003375
Year Built 1913
Annual Tax Amount $19,524
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Retail
Property Description
The Opportunity: Located at 501 Pandora Avenue, this site sits at a high-traffic gateway between the Inner Harbor and the downtown core. The OTD zoning supports a diverse range of creative ,retail and office uses, perfectly suited for the area's high pedestrian count and historic charm.
The Sublease Advantage: Substantially reduced to $5300 gross per month + gst and utilities for the remaining 23 month sublet term providing a massive short-term occupancy benefit before an optional 5-year lease renewal.
Bonus Space: Includes a windowless two-bedroom lower-level suite suitable for storage, office, or production use.
Note: Upon renewal, base rent returns to market (approx. $4,200/month + NNN).
Possession is immediate. Feel free to stop by for a walkthrough—the shop is open most days from 12 pm to 7 pm. Sub tenant to confirm the intended use with the City of Victoria.
The Sublease Advantage: Substantially reduced to $5300 gross per month + gst and utilities for the remaining 23 month sublet term providing a massive short-term occupancy benefit before an optional 5-year lease renewal.
Bonus Space: Includes a windowless two-bedroom lower-level suite suitable for storage, office, or production use.
Note: Upon renewal, base rent returns to market (approx. $4,200/month + NNN).
Possession is immediate. Feel free to stop by for a walkthrough—the shop is open most days from 12 pm to 7 pm. Sub tenant to confirm the intended use with the City of Victoria.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Zoning OTD
Building
Story 4
Others
Restrictions None
Tax ID 008-320-187
Ownership Freehold/Strata
Acceptable Financing Assume With Qualifications, Option To Renew
Listing Terms Assume With Qualifications, Option To Renew
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Listed by Coldwell Banker Oceanside Real Estate