880-880 Douglas St - Office FOR SALE


Victoria, BC V8W 2B7
$17,029,000 CAD
250-588-2555
880-880 Douglas St, Victoria, BC for Sale
$17,029,000 CAD
Office - FOR SALE
1/7
null | Request Cap Rate

880-880 Douglas St
Victoria, BC V8W 2B7


HIGHLIGHTS

  • Located along Douglas Street, Victoria's primary commercial corridor.
  • Walking distance to the BC Legislature, City Hall, and Inner Harbour.
  • Professionally managed and modernized commercial building.
  • Immediate access to transit, restaurants, and business services.

OVERVIEW

Rare opportunity to purchase a 67,999SF freehold office building with high-exposure ground floor retail in Downtown Victoria, ideally located at the hub of government, office, and tourism sectors in one of Canada's prime destinations. Over $1,200,000 in NOI presenting a 7%+ capitalization rate (August 2026 annualized income). This exceptionally maintained property benefits from over $1.48M in recent upgrades, including new boilers and an emergency generator. Strong roster of AAA tenancies from government, law, financial, education, technology, and F&B sectors provides a stable income stream in one of Canada’s most desirable locations. The new buyer will also enjoy +/- $1.279M amortization recovery available with over $215k occurring in 2026. Contact listing agent for additional information.

FOR SALE DETAILS

PRICE

$17,029,000 CAD

PRICE/SF

$250 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

International House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

OTD-1

APN/PARCEL ID

004-061-209

ASK ABOUT THIS PROPERTY

David BoonWilliam Wright Commercial Real Estate ServicesMore Info
250-588-2555

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David BoonWilliam Wright Commercial Real Estate ServicesMore Info
250-588-2555

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