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1105 Pandora Ave - The Wade 4,038 SF Office Condo Unit Offered at $1,599,900 CAD in Victoria, BC V8V 3N8
Investment Highlights
- Court-ordered foreclosure sale offering immediate ownership opportunity in a high-demand market.
- Located in a walkable, transit-rich area surrounded by residential and medical developments.
- Situated in a district experiencing urban revitalization, supporting long-term value growth.
- Zoned CA-1, allowing for professional office, boutique retail, or mixed-use applications.
- Strong neighborhood amenities including cafes, restaurants, and green spaces within steps.
- Ideal for healthcare, legal, and financial professionals seeking a central, accessible location.
Executive Summary
The property is a commercial office condominium located at 1105 Pandora Avenue in Victoria, British Columbia. It is part of a mixed-use development in the downtown area and is zoned CA-1, which permits professional offices and boutique retail uses. The surrounding neighborhood includes residential condominiums, rental apartments, and medical office buildings. The site offers access to public transportation and is within walking distance of local amenities such as restaurants, cafes, and parks. The property is situated in the Capital Regional District and is part of an area undergoing urban revitalization.
Property Facts
| Total Building Size | 75,000 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 15,000 SF |
| Property Subtype | Apartment | Year Built | 2021 |
| Building Class | B | ||
| Zoning | CA-1 - Pandora Avenue Special Commercial District | ||
| Total Building Size | 75,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 15,000 SF |
| Year Built | 2021 |
| Zoning | CA-1 - Pandora Avenue Special Commercial District |
Amenities
Site Amenities
- 24 Hour Access
- Courtyard
- Elevator
1 Unit Available
Unit 112
| Unit Size | 4,038 SF | Sale Type | Owner User |
| Price | $1,599,900 CAD | Sale Conditions | Court Appointed Sale |
| Price Per SF | $396.21 CAD | APN/Parcel ID | 031-301-207 |
| Condo Use | Office |
| Unit Size | 4,038 SF |
| Price | $1,599,900 CAD |
| Price Per SF | $396.21 CAD |
| Condo Use | Office |
| Sale Type | Owner User |
| Sale Conditions | Court Appointed Sale |
| APN/Parcel ID | 031-301-207 |
Sale Notes
This court-ordered foreclosure sale offers a rare opportunity to acquire boutique commercial office space in Victoria’s dynamic urban market. Positioned within a vibrant neighborhood undergoing significant revitalization, the property is surrounded by residential condominiums, rental apartments, and medical office buildings, ensuring a strong client base and consistent foot traffic.
The unit’s CA-1 zoning provides flexibility for professional offices, boutique retail, or mixed-use configurations, making it an attractive option for healthcare, legal, and financial professionals. The property benefits from excellent walkability and convenient access to public transit, with nearby amenities including cafes, restaurants, and parks that enhance the work-life experience for occupants and visitors alike.
As construction costs continue to rise, the demand for move-in-ready office spaces has surged, positioning this asset as a cost-effective alternative to new development. Its location within Victoria’s thriving downtown corridor, combined with the area’s ongoing urban renewal, underscores the long-term value and growth potential of this investment.. PID: 031-301-207
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 366 - 396 |
| 1+1 | 30 | - | 401 - 514 |
| 2+2 | 45 | - | 653 - 894 |
| 3+2 | 12 | - | 1,097 - 1,220 |
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1105 Pandora Ave - The Wade
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