581 Niagara St, Victoria

$1,495,000

0 Beds
0 Baths
3,200 Sqft
.08 Acres
0 Garages

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 health board approved for food service as well. 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
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
Date ListedSeptember 3rd, 2019
Days on Market40
Listing Details
OfficePemberton Holmes - Cloverdale
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