David Hale

Cell 250-812-7277 | davidraymondhale@gmail.com

My Office Listings

581 Niagara Street
Vi James Bay VICTORIA V8V 1H8

$1,495,000
Commercial

Main Photo: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 1: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 2: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 3: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 4: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 5: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 6: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 7: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Photo 8: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
Status:
Active
Prop. Type:
Commercial
MLS® Num:
415277
Build. Type:
Mixed Use
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.
Property Type:
Commercial
Commercial Type:
Retail, Other
Type:
Retail
Total Finished Rooms:
0
Total Unfinished Rooms:
0
Lot Size:
0.08 acre(s)
Title to Land:
Freehold
Building Type:
Mixed Use, Multi-Family
Exterior Finish:
Stucco & Siding
Onsite Parking:
Yes
Government & Niagara
Sidewalk
Assessment year:
2019
Revenue Property (Y/N):
No
Lot Site Features:
View: City
  • Photo 1: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 2: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 3: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 4: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 5: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 6: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 7: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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  • Photo 8: 581 Niagara Street in VICTORIA: Vi James Bay Retail for sale (Victoria)  : MLS®# 415277
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Larger map options:
Listed by Kane Ryan of Pemberton Holmes - Cloverdale
Data was last updated October 18, 2019 at 12:05 PM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$577,500
Min list price:
$25,000
Max list price:
$4,950,000
Avg days on market:
114
Min days on market:
4
Max days on market:
821
These statistics are generated based on the current listing's property type and located in Victoria. Average values are derived using median calculations.
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.