1015 Fort St - Restaurant FOR SALE


Victoria, BC V8V 3K5
$3,050,000 CAD
778-533-7860
1015 Fort St, Victoria, BC for Sale
$3,050,000 CAD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

1015 Fort St
Victoria, BC V8V 3K5


HIGHLIGHTS

  • Two-storey freehold commercial building in downtown Victoria.
  • Located on Fort Street between Vancouver Street and Cook Street.
  • Seismic upgrade completed under permit in 2008.
  • Currently configured as a restaurant and banquet facility.
  • Positioned within a mixed-use downtown commercial district.

OVERVIEW

Turnkey downtown Victoria investment. Fully-leased two-storey mixed-use building with four diversified income streams under triple-net leases — a clean, low-management hold. Total rent $20,100/mo ($241,200/yr). Approx. cap rate 6.5%+. Main floor anchored by Ustaad G, an established Indian restaurant franchise with 12+ locations. Rear unit houses a spa tenanted 7+ years. Upstairs: banquet hall plus a 3-bed, 2-bath apartment occupied by restaurant staff. Repositioned 2025 — restaurant now franchise-tenanted at market rent, apartment added as new income unit. Buyer to verify floorplan and measurements, done by Sdlenselement Victoria. Contact listing agent for financials and full info package — NDA and POF required.

FOR SALE DETAILS

PRICE

$3,050,000 CAD

PRICE/SF

$296 CAD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Vancouver St.

LAND ACRES

-

LAND SF

-

ZONING

CA-42

APN/PARCEL ID

007-724-420

ASK ABOUT THIS PROPERTY

Ayush KakkarWoodhouse RealtyMore Info
778-533-7860

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Ayush KakkarWoodhouse RealtyMore Info
778-533-7860

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.