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Investment Highlights

  • Two-story 2,810 SF retail building with additional 501 SF storage structure.
  • Seismic upgrades completed in 2005 to enhance structural integrity.
  • Located near downtown Victoria, a revitalizing neighborhood with strong transit access.
  • Exceptional 50-foot frontage on Cook Street in North Park’s commercial hub.
  • Currently leased to an established bicycle shop through the end of 2028.
  • CVD-1 zoning with broad permitted uses, including retail and service-based operations.

Executive Summary

Presented by CBRE, 1833 Cook Street represents a rare opportunity to acquire a fully leased retail investment property within Victoria’s growing North Park neighborhood. The property features a two-story 2,810 SF retail building anchored by a long-standing tenant, North Park Bike Shop, with an additional 501 SF ancillary structure at the rear of the lot. Tenant has committed through the end of 2028, with three renewal options remaining, providing secure income stability for investors.
This asset boasts approximately 50 feet of exceptional frontage along Cook Street, a major connector located blocks from Victoria’s vibrant downtown core. The site benefits from strong transit service, pedestrian connectivity, and rapid neighborhood densification, supported by numerous nearby residential and mixed-use developments. Seismic upgrades performed in 2005 add further structural integrity. Positioned within the CVD-1 (Community Village District 1) zone, permitted uses extend beyond retail, accommodating a range of service and cultural uses, aligning with the area’s continued revitalization.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,311 SF
Building Class
C
Year Built
1949
Price
$1,375,000 CAD
Price Per SF
$415.28 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.70
Lot Size
0.11 AC
Zoning
ZONING | CVD-1 - ZONING | CVD-1 Permitted Uses - Including, but not limited to: • Retail • Food & Beverage Service • Personal Service • Assembly • Veterinary Clinic • Art & Cultural Facility
Frontage
39’ on Cook St

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100

Nearby Major Retailers

Orangetheory Fitness
Jazzercise
Starbucks
Save-On-Foods
Moxies
Tacotime
Noodlebox
Royal Bank of Canada
CrossFit
Anytime Fitness
  • Listing ID: 40495732

  • Date on Market: 2026-05-12

  • Last Updated:

  • Address: 1833 Cook St, Victoria, BC V8T 3P5

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