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550-554 Yates St 1,842 SF of Retail Space Available in Victoria, BC V8W 2Z6
Highlights
- Prime location in Victoria’s vibrant downtown shopping hub
- Expansive storefront windows for maximum visibility
- Directly across from Yates Street Parkade for customer convenience
- Turnkey boutique space with exposed brick and high ceilings
- Surrounded by top retail and dining destinations
- Flexible zoning allows for diverse retail and service uses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 554 | 1,842 SF | Negotiable | $35.00 CAD/SF/YR $2.92 CAD/SF/MO $64,470 CAD/YR $5,373 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 554
554 Yates Street offers 1,842 square feet of turnkey retail space in the heart of downtown Victoria’s vibrant shopping district. The premises feature an open-plan layout with exposed brick, high ceilings, and large storefront windows, creating a bright and inviting retail environment. Previously occupied by a popular local boutique, the unit is well-suited for a variety of business types under flexible OTD-1 zoning. Tenants benefit from strong pedestrian and vehicle activity generated by surrounding retailers and restaurants, as well as convenient parking directly across the street at the Yates Street Parkade. The property is centrally located along Yates Street, one of Victoria’s most active commercial corridors. This bustling area is home to numerous established retailers, cafés, and hospitality operators, contributing to consistent foot traffic throughout the day. Neighbouring businesses include Leopold’s Tavern, Bailey Nelson, Adventure Clothing, and El Furniture Warehouse, among many others, reinforcing the site’s strong retail synergy. Its position within the Old Town District places it in close proximity to Market Square, Government Street, and multiple destination retail and entertainment venues. Parking availability at the adjacent Yates Street Parkade further enhances accessibility for both customers and staff.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 550-554 Yates St, Victoria, BC V8W 2Z6
- Tenant
- Description
- CAN Locations
- Reach
- Amelia Lee
- Ladies' Apparel
- 2
- Local
| Tenant | Description | CAN Locations | Reach |
| Amelia Lee | Ladies' Apparel | 2 | Local |
Property Facts
| Total Space Available | 1,842 SF | Gross Leasable Area | 21,393 SF |
| Property Type | Retail | Year Built | 1883 |
| Property Subtype | Storefront Retail/Office | Cross Streets | Government St. |
| Total Space Available | 1,842 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 21,393 SF |
| Year Built | 1883 |
| Cross Streets | Government St. |
About the Property
554 Yates Street offers 1,842 square feet of turnkey retail space in the heart of downtown Victoria’s vibrant shopping district. The premises feature an open-plan layout with exposed brick, high ceilings, and large storefront windows, creating a bright and inviting retail environment. Previously occupied by a popular local boutique, the unit is well-suited for a variety of business types under flexible OTD-1 zoning. Tenants benefit from strong pedestrian and vehicle activity generated by surrounding retailers and restaurants, as well as convenient parking directly across the street at the Yates Street Parkade. The property is centrally located along Yates Street, one of Victoria’s most active commercial corridors. This bustling area is home to numerous established retailers, cafés, and hospitality operators, contributing to consistent foot traffic throughout the day. Neighbouring businesses include Leopold’s Tavern, Bailey Nelson, Adventure Clothing, and El Furniture Warehouse, among many others, reinforcing the site’s strong retail synergy. Its position within the Old Town District places it in close proximity to Market Square, Government Street, and multiple destination retail and entertainment venues. Parking availability at the adjacent Yates Street Parkade further enhances accessibility for both customers and staff.
- Bus Line
- Signage
Nearby Major Retailers
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550-554 Yates St
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