Commercial Real Estate in Esquimalt available for sale
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Commercial Properties for Sale near Esquimalt

Esquimalt Commercial Property for Sale

More details for 1234-1244 Esquimalt Rd, Esquimalt, BC - Retail for Sale

1234-1244 Esquimalt Rd

Esquimalt, BC V9A 3N8

  • Retail for Sale
  • $6,900,000 CAD
  • 16,070 SF
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More details for 808 Viewfield Rd, Victoria, BC - Industrial for Sale

808 Viewfield Rd

Victoria, BC V9A 4V1

  • Industrial for Sale
  • $6,150,000 CAD
  • 19,483 SF
  • 1 Unit Available
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More details for 741 Admirals Rd, Victoria, BC - Multifamily for Sale

Pacific Villa Apartments - 741 Admirals Rd

Victoria, BC V9A 2N9

  • Multifamily for Sale
  • $3,360,000 CAD
  • 10,725 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Victoria Multifamily for Sale

Pacific Villa Apartments presents a compelling opportunity to acquire a fully leased 12-suite multifamily asset in the heart of Esquimalt, just minutes from downtown Victoria. With a strong suite mix dominated by large two-bedroom plus den units (67.7%), the property is designed to maximize rental revenue and attract long-term tenants. Four of the twelve suites have been fully renovated, each with approximately $30,000 in upgrades, supporting a proven value-add strategy with over 32% rental upside potential. The building has undergone significant capital improvements, including a newer roof, double-glazed vinyl windows, updated balconies, and a one-year-old gas-fired boiler and hot water tank. These upgrades minimize future capital expenditures and enhance tenant comfort. Radiant hot water heating and 14 surface parking stalls (12 tenant, 2 visitor) further support operational efficiency. Strategically located on Admirals Road between Esquimalt Road and Colville Road, the property benefits from direct transit access and proximity to key amenities such as Red Barn Grocery, Esquimalt Plaza, the Recreation Centre, and the newly developed Esquimalt Town Square. The building is also across from CFB Esquimalt, the township’s largest employer, which anchors the local economy with over 6,000 personnel. Esquimalt’s rental market fundamentals are exceptionally strong, with a 1.5% vacancy rate and rents rising over 6.4% year-over-year. The area offers slightly more affordable rents than Victoria, attracting renters from the capital’s higher-priced market. With a projected population increase and rising household incomes, Pacific Villa Apartments is well-positioned to deliver stable cash flow and long-term growth.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2024-10-23

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More details for 800 Viewfield Rd, Victoria, BC - Industrial for Sale

800 Viewfield Rd

Victoria, BC V9A 4V1

  • Industrial for Sale
  • $9,300,000 CAD
  • 27,741 SF
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Commercial Properties for Sale Within 5 kilometers of Esquimalt

More details for 3185 Quadra St, Victoria, BC - Retail for Sale

3185 Quadra St

Victoria, BC V8X 1E9

  • Retail for Sale
  • $2,340,000 CAD
  • 4,590 SF
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More details for 1105 Pandora Ave, Victoria, BC - Multifamily for Sale

The Wade - 1105 Pandora Ave

Victoria, BC V8V 3N8

  • Office for Sale
  • $1,599,900 CAD
  • 4,038 SF
  • 1 Unit Available
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More details for 705 Johnson St, Victoria, BC - Multifamily for Sale

705 Johnson St

Victoria, BC V8W 1M8

  • Multifamily for Sale
  • $2,995,000 CAD
  • 17,236 SF

Victoria Multifamily for Sale

CBRE Victoria is pleased to present an exceptional investment opportunity in the heart of downtown Victoria at 705–711 Johnson Street. This distinctive three-storey building comprises two ground-floor retail units and 40 single-occupancy residential rooms above, collectively known as the York Hotel. The property offers strong in-place income, near full occupancy, and the benefit of substantial completed upgrades, resulting in minimal ongoing maintenance for a prospective owner. The building totals approximately 17,236 square feet, with 6,900 square feet on the main floor and 5,168 square feet on both the second and third floors, situated on a 7,284-square-foot site. Built in 1911 and zoned CBD-1 (Central Business District), the property allows for a wide range of flexible commercial and mixed-use opportunities. The two ground-floor retail units measure approximately 2,434 square feet at 705 Johnson Street and 4,370 square feet at 707 Johnson Street. The space at 705 Johnson Street is occupied by Board with Friends, a locally owned and operated board game café, while 707 Johnson Street is currently vacant and was purpose-built for a gym, though it can readily accommodate a variety of alternative uses. Both retail units feature impressive 16-foot ceilings, excellent Johnson Street frontage and exposure, private washrooms, and, in the case of 707 Johnson Street, an additional shower amenity. The upper floors house 40 single-occupancy residential units operating as the York Hotel. Each floor is equipped with shared half and full washrooms, as well as a dedicated laundry room. The residential units are currently rented at below-market rates, providing a clear opportunity for future income growth. The building has been well maintained and includes a concrete foundation, a wood joist roof with an asphalt surface, painted brick exterior, metal doorways, and double-glazed thermo-sealed windows in vinyl frames. Flooring varies throughout the building, with a mix of hardwood, laminate, tile, and carpet depending on the unit, and the electrical system is supported by a 600-amp, three-phase service. Notable building highlights include an upgraded roof completed in 2017, full sprinkler coverage throughout, recent updates to 11 of the single-occupancy units, and a new HVAC and heat pump system serving the commercial space. The property benefits from its central downtown location with excellent exposure along Johnson Street, direct proximity to transit, and an abundance of nearby parking options, including the Johnson Street Parkade. Offered for the first time on the market, this asset presents a compelling opportunity to acquire a well-located, income-producing property with long-term upside in one of Victoria’s most vibrant urban corridors.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2026-03-06

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More details for 851 Cormorant St, Victoria, BC - Office for Sale

851 Cormorant St

Victoria, BC V8W 1R2

  • Office for Sale
  • $999,000 CAD
  • 1,000 SF

Victoria Office for Sale

Well-located single-storey commercial building offering approximately 1,000 sq. ft. of flexible space suitable for office, medical, wellness, or service-based uses. High-visibility location with convenient access to Quadra, Pandora, and Blanshard Streets. The property is currently vacant, allowing for immediate occupancy or tenant improvements. In addition to owner-occupier potential, the property is designated for higher density under the Official Community Plan (4.5:1 FSR), providing future redevelopment or land assembly opportunity. Purchasers are advised to verify all redevelopment potential with the City of Victoria. 851 Cormorant Street is centrally located in Victoria, British Columbia, within the North Park / downtown area. The property sits just north of Victoria’s core, offering excellent proximity to the city’s main commercial, cultural, and civic destinations. It benefits from a highly visible position with easy access to major thoroughfares including Quadra Street, Pandora Avenue, and Blanshard Street, making it convenient for both vehicle and pedestrian traffic. The surrounding neighborhood is a vibrant mix of professional offices, wellness and medical services, residential buildings, and local amenities. Downtown Victoria’s shops, cafés, restaurants, and services are only a short walk away, while nearby areas such as Chinatown, Market Square, and City Hall further enhance the urban appeal. The location offers excellent walkability and strong transit connectivity, making it well suited for commercial, office, or service-oriented uses that benefit from central-city exposure.

Contact:

Jones Co Real Estate Inc.

Date on Market:

2026-02-24

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More details for 3106 Washington Av, Victoria, BC - Land for Sale

3106 Washington Av

Victoria, BC V9A 1P7

  • Land for Sale
  • $1,125,000 CAD
  • 0.29 AC Lot
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More details for 415 Dunedin St, Victoria, BC - Retail for Sale

415 Dunedin St

Victoria, BC V8T 5G8

  • Industrial for Sale
  • $875,700 CAD
  • 2,080 SF
  • 1 Unit Available
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More details for 1060 Pakington St, Victoria, BC - Multifamily for Sale

1060 Pakington St

Victoria, BC V8V 3A1

  • Multifamily for Sale
  • $10,250,000 CAD
  • 21,600 SF
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Commercial Properties for Sale in Esquimalt

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How many commercial properties are available for sale in Esquimalt?
There are currently 4 commercial properties available for sale in Esquimalt, offering a unique opportunity for businesses to establish a presence.
How big are the commercial properties available for sale in Esquimalt?
The average size of commercial properties available for sale in Esquimalt is about 18,505 SF. The largest commercial properties available to buy is 27,741 SF and the smallest is 10,725 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for commercial properties in Esquimalt?
The average market cap rate for commercial properties for sale is about 5.22% based on data provided in Esquimalt. Learn more about how cap rates are calculated.