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661 Burnside Rd E 8,574 SF 100% Leased Retail Building Victoria, BC V8T 2X9 $3,500,000 CAD ($408.21 CAD/SF)
Investment Highlights
- Ground floor space ideal for an owner-occupier, complemented by income-producing commercial tenants on the second floor.
- Exceptional visibility and convenient access to the Trans-Canada Highway via Douglas Street and Burnside Road East.
- Robust 600-amp electrical capacity supports diverse operational needs.
- Enhanced safety features with twelve security cameras strategically positioned throughout the property.
Executive Summary
661 Burnside Road East offers owner-occupiers the ability to acquire their own real estate while occupying all or a portion of the ground floor, complemented by stable rental income from second-floor tenants. For investors, the property presents a compelling value-add opportunity through the lease-up of the ground floor, enhancing overall income and long-term returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,574 SF
Building Class
C
Year Built
1974
Price
$3,500,000 CAD
Price Per SF
$408.21 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
C1-N-BU - Burnside U-Brew Wine District
Parking
5 Spaces
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 5
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661 Burnside Rd E
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