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Listing by Cordell Lloyd Cushman & Wakefield ULC
$1,200,000
Est. payment /mo
8,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,900 sqft
Price per Sqft $134
MLS Listing ID 1036671
HOA Y/N No
Annual Tax Amount $33,328
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Mixed Use
Property Description
1602 & 1608 Fort Street represent a rare opportunity to acquire two adjacent commercial properties in one of Victoria's most established and highly trafficked urban corridors. Located on the corner along Fort Street and Oak Bay Avenue, a key arterial connecting Downtown Victoria with the Oak Bay community, the properties offer stable income today with future repositioning and redevelopment upside.
The asset is currently improved with two income-producing buildings and benefits from strong frontage, excellent visibility, and a diverse surrounding mix of retail, service, and residential uses. 1602 Fort Street benefits from a sale-leaseback structure to provide immediate income with short-term flexibility along with the established tenancy of Sound Hounds located on 1608 Fort Street.
The asset is currently improved with two income-producing buildings and benefits from strong frontage, excellent visibility, and a diverse surrounding mix of retail, service, and residential uses. 1602 Fort Street benefits from a sale-leaseback structure to provide immediate income with short-term flexibility along with the established tenancy of Sound Hounds located on 1608 Fort Street.
Location
Province BC
County Capital Regional District
Community Vi Fernwood
Area Victoria
Zoning TCD-1
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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