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Investment Highlights

  • Fully leased retail portfolio occupied by five tenants.
  • Located within Victoria's established Old Town district.
  • Built in 2014 with modern mixed-use construction.
  • Frontage along both Pandora Avenue and Fisgard Street.
  • Situated on the ground floor of the 133-unit Union development.
  • Exposure to consistent pedestrian and vehicle traffic.

Executive Summary

Union presents the opportunity to acquire three retail strata units located within one of Victoria's most recognizable mixed-use developments in the heart of Old Town. Positioned along both Pandora Avenue and Fisgard Street, the offering benefits from extensive street frontage, strong visibility, and direct exposure to year-round pedestrian and vehicle traffic in a well-established downtown commercial district.
Constructed in 2014, the property forms the commercial component of the Union development, a mixed-use project that also includes 133 residential suites above. The portfolio is fully leased to five tenants, providing immediate income from a diversified retail tenancy base. The combination of multiple storefronts, frontage on two prominent downtown corridors, and location within a dense urban environment supports long-term tenant demand and investment stability.
Victoria's Old Town district remains one of the city's most active retail and tourism destinations, drawing residents, office workers, visitors, and customers throughout the year. The property's proximity to downtown amenities, restaurants, specialty retailers, government offices, and waterfront attractions contributes to sustained commercial activity and visibility. Frontages of approximately 115 feet along Pandora Avenue and approximately 125 feet along Fisgard Street further enhance exposure and customer access.
The offering combines modern construction, established tenancy, and a central downtown location within a historically significant commercial area. As a fully leased retail investment situated within a mixed-use development, Union offers investors the opportunity to acquire income-producing retail assets in one of Victoria's most active urban neighborhoods.

Property Facts

Price $5,500,000 CAD
Price / SF $534.19 CAD / SF
Cap Rate 6.19%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 10,296 SF
  • Listing ID: 41824264

  • Date on Market: 2026-08-20

  • Last Updated:

  • Address: 517 Fisgard Street and 524 & 530 Pandora, Victoria, BC

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