3185 Quadra St 4,590 SF 100% Leased Retail Building Victoria, BC V8X 1E9 $2,340,000 CAD ($509.80 CAD/SF)

This fully leased mixed-use property offers investors a rare opportunity to acquire a stabilized income-producing asset in one of Victoria’s most dynamic corridors. Positioned at the high-traffic intersection of Quadra Street and Tolmie Avenue, the property benefits from exceptional visibility and accessibility, just minutes from Downtown Victoria and key arterial routes.
The ground floor features a 2,590 sq ft commercial showroom leased to Arctic Spas, ensuring a strong retail presence. Above, the residential component includes one 1-bedroom unit, two 2-bedroom units, and a top-floor 2-bedroom plus den penthouse with a private rooftop patio and sweeping city views. Recent capital improvements, including major upgrades in 2019 and additional residential updates, enhance long-term asset value and reduce near-term maintenance risk.
With a diversified tenant mix and full occupancy, this property delivers immediate cash flow and long-term appreciation potential. Offered below assessed value, it represents a compelling investment in a supply-constrained market. Updated appraisal and financials are available upon execution of a confidentiality agreement.