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524 Yates St - The Simon Leiser Building
4,871 SF Retail Condo Unit Offered at $2,354,180 USD in Victoria, BC V8W 1K8
Property Facts
Price | $2,354,180 USD | Sale Type | Investment |
Unit Size | 4,871 SF | Building Class | B |
No. Units | 1 | Floors | 3 |
Total Building Size | 19,858 SF | Typical Floor Size | 6,619 SF |
Property Type | Retail (Condo) | Year Built | 1896 |
Property Subtype | Storefront Retail/Office |
Price | $2,354,180 USD |
Unit Size | 4,871 SF |
No. Units | 1 |
Total Building Size | 19,858 SF |
Property Type | Retail (Condo) |
Property Subtype | Storefront Retail/Office |
Sale Type | Investment |
Building Class | B |
Floors | 3 |
Typical Floor Size | 6,619 SF |
Year Built | 1896 |
1 Unit Available
Unit 101
Unit Size | 4,871 SF | Sale Type | Investment |
Price | $2,354,180 USD | Cap Rate | 5.37% |
Price Per SF | $483.31 USD | NOI | $126,419.46 USD |
Condo Use | Retail |
Unit Size | 4,871 SF |
Price | $2,354,180 USD |
Price Per SF | $483.31 USD |
Condo Use | Retail |
Sale Type | Investment |
Cap Rate | 5.37% |
NOI | $126,419.46 USD |
Sale Notes
The Leiser Building is an iconic three-storey brick commercial building on the corner of Yates Street and Waddington Alley in the heart of Victoria’s downtown area. Located in the Old Town district, this rare 4,871 SF street level walk-in strata retail space is easily accessible for pedestrians and has high exposure fronting onto the bustling Yates Street. Renovated in 2008 by Le Fevre & Co. the space has seen significant upgrades in addition to a beautiful interior finish allowing for an open and bright space. The opportunity also includes a bonus 2,595 SF of lower level basement space, a rare find in the downtown Victoria core.
Amenities
- Bus Line
- Courtyard
Nearby Major Retailers
zoning
Zoning Code | OTD-1 (Old Town District 1) |
OTD-1 (Old Town District 1) |
Learn More About Investing in Retail Properties
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524 Yates St - The Simon Leiser Building
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