Investment Property
Available
1602 & 1608 Fort Street
1602 Fort Street, Victoria, BC V8R 1H9 Canada
Building Size
9,900 SF
Lot Size
8,279 SF / .19 Acres
Built
1971
Building Size
9,900 SF
Lot Size
8,279 SF / .19 Acres
Built
1971
OVERVIEW
1602 & 1608 Fort Street represent a rare opportunity to acquire two adjacent commercial properties in one of Victoria’s most established and highly trafficked urban corridors. Located on the corner along Fort Street and Oak Bay Avenue, a key arterial connecting Downtown Victoria with the Oak Bay community, the properties offer stable income today with future repositioning and redevelopment upside.
The asset is currently improved with two income-producing buildings and benefits from strong frontage, excellent visibility, and a diverse surrounding mix of retail, service, and residential uses. 1602 Fort Street benefits from a sale-leaseback structure to provide immediate income with short-term flexibility along with the established tenancy of Sound Hounds located on 1608 Fort Street.
The asset is currently improved with two income-producing buildings and benefits from strong frontage, excellent visibility, and a diverse surrounding mix of retail, service, and residential uses. 1602 Fort Street benefits from a sale-leaseback structure to provide immediate income with short-term flexibility along with the established tenancy of Sound Hounds located on 1608 Fort Street.
Details
- Building Size:
- 9,900 SF
- Sale Price:
- $1,200,000 CAD
- Price Per Unit:
- $121.21 / CAD
- Lot Size:
- 8,279 SF / .19 Acres
- Year Built:
- 1971