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Main Photo: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Photo 1: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Photo 2: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Photo 3: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Photo 4: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Photo 5: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
977738
This large Urban Village designated development site allows for low to mid-rise multi-family or mixed-use buildings and structures up to six (6) storeys. The total site size is approximately 8,279 square feet, with 99 feet of frontage along Fort Street. There is holding income from an existing tenant, Individual Dry Cleaners, a company affiliated with the vendor, on a minimum 2-year lease-back. 1522-1532 Pandora Avenue is also available for purchase under a separate offering. Combined, these properties would represent an exceptional redevelopment opportunity with holding income.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Vi Fernwood, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,279 sq. ft.
Taxes:
$30,070 / 2024
Total Building Area:
5,644 sq. ft.
Commercial Area:
Core (excl Downtown)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1765400.0
Assessment year:
2024
Jurisdiction name:
City of Victoria
Legal Description:
1602 Fort Street: LOT 3, SECTION 75, VICTORIA DISTRICT, PLAN 26641, PID: 002-371-804 1608 Fort Street: LOT 13, SECTION 75, VICTORIA DISTRICT, PLAN 1042, EXCEPT THE SOUTHERLY PORTION THEREOF REQUIRED FOR WIDENING FORT STREET, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE EASTERLY BOUNDARY OF SAID LOT 13 A DISTANCE OF 11.25 FEET MEASURED NORTHERLY FROM THE SOUTH EASTERLY CORNER THEREOF; THENCE SOUTHERLY 11.25 FEET TO THE SAID SOUTH EASTERLY CORNER;THENCE WESTERLY ALONG THE SOUTHERLY BOUNDARY 50 FEET TO THE SOUTH WESTERLY CORNER OF SAID LOT; THENCE NORTHERLY ALONG THE WESTERLY BOUNDARY OF SAID LOT 11.83 FEET; THENCE EASTERLY 48.91 FEET MORE OR LESS TO THE POINT OF COMMENCEMENT. PID: 003-843-041
Zoning:
C1-N
Parking Features:
On Site
Road Frontage Type:
Street
Road Surface Type:
Paved
Total Units:
3
Date Listed:
Oct 03, 2024
Original Price:
1750000.0
  • Photo 1: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
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  • Photo 2: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
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  • Photo 3: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
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  • Photo 4: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
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  • Photo 5: 1602-1608 Fort St in Victoria: Vi Fernwood Retail for sale : MLS®# 977738
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Listed by Colliers
Data was last updated December 26, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$798,150
Min list price:
$16
Max list price:
$6,000,000
Avg days on market:
128
Min days on market:
7
Max days on market:
710
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
JASON ANSON
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