Commercial Properties for Sale in Victoria

Victoria Retail for Sale

Marcus & Millichap's Western Canada NNN Group presents 1511 Admirals Road, View Royal, BC (the "Subject Property"), an 11,854 SF freestanding Rexall pharmacy on a corner site at Admirals Road and Glentana Road, surrounded by national tenants including Canadian Tire and Thrifty Foods (Sobeys). The property is 100% leased to Rexall Pharmacies (BC) ULC on a landlord-favourable NNN lease expiring October 31, 2031, with two successive five-year renewal options, approximately 5.5 years of remaining term, and backed by a tenant with a 122-year operating history and ~400 locations nationally.

Date on Market:

2026-05-22

Victoria Office for Sale

An exceptional opportunity awaits at Lansdowne Professional Centre, one of Victoria’s most established health-focused buildings. This fully built-out 907 sq. ft. strata unit is designed to suit a range of practices, including medical, dental, and wellness. Featuring four private exam or treatment rooms with individual sinks, a dedicated office, flexible admin space, and a welcoming reception and waiting area, the layout allows for both immediate use and future reconfiguration. Three rooms enjoy natural light from large windows, while staff benefit from the rare addition of a private outdoor patio—ideal for breaks or fresh-air consultations. This property is more than a workspace; it’s a practical investment. Owner-occupiers gain equity benefits instead of ongoing lease obligations, while investors will appreciate the stability inherent in a building with low turnover and proven tenant demand. Anchored by prominent health services, including Pharmasave, LifeLabs, and Westcoast Medical Imaging, the Centre offers unparalleled exposure and built-in referral traffic. With one dedicated parking stall and proximity to major transit routes, this unit combines convenience with enduring business appeal in a dynamic Victoria market. PID: 023-664-703

Property Subtype:

Medical

Date on Market:

2026-07-14

Victoria Multifamily for Sale

Unit 107 at Shoal Point presents an outstanding opportunity to own a waterfront office/retail strata unit in one of Victoria’s most prestigious locations. Situated on the ground floor, this 4,166 sq. ft. space offers breathtaking inner harbour views paired with a thoughtfully designed layout, including extensive open workspace, a reception area, three private offices, a boardroom, kitchenette, private washroom, and abundant storage. Flexible MS-2 zoning accommodates a range of business uses, making it suitable for diverse owner-occupier or investment strategies. Positioned in the celebrated James Bay neighborhood, Shoal Point delivers unmatched connectivity to Victoria’s downtown core while placing businesses steps from the Inner Harbour's vibrant activity. Complemented by proximity to major commuter routes and pedestrian-friendly surroundings, this location provides enduring value for professionals seeking a distinctive waterfront presence.

Property Subtype:

Apartment

Date on Market:

2026-07-14

Victoria Multifamily for Sale

This 14-unit multifamily property at 1333 Pandora Avenue offers investors an exceptional opportunity in the heart of Victoria. Situated on a 13,085 square-foot corner lot within the Fernwood neighborhood, the asset features a well-maintained three-story building with recently renovated units and DP-approved plans for four additional dwellings. The current configuration includes six bachelor and eight one-bedroom units, complemented by surface parking for 20 vehicles, coin-operated laundry, and a robust infrastructure that includes an updated fire panel and two new hot water tanks. With five upgraded suites and electric baseboard heating costs covered by tenants, this property offers low operational overhead. The apartments enjoy below-market rents, creating significant value enhancement potential through repositioning. The approved development permit allows for three one-bedroom units and one two-bedroom unit to be added at grade without disturbing existing tenancies—a rare intensification opportunity in Victoria’s stable rental market. Positioned minutes from Downtown Victoria, the location ensures strong connectivity to employment hubs, retail corridors, schools, and public transit, with nearby parks and green spaces enhancing tenant appeal. This combination of in-place income, embedded potential for rent growth, and expansion certainty provides a compelling proposition for investors seeking long-term stability and upside.

Property Subtype:

Apartment

Date on Market:

2026-07-08

Victoria Retail for Sale

This two-level light industrial strata unit offers investors and owner-occupiers a rare opportunity to secure a versatile property in Victoria’s highly desirable Gorge–Selkirk industrial district. The 2,080-square-foot unit provides functional space with 9-foot ceilings on the main floor and 8-foot 6-inch ceilings on the upper floor, with the potential to install a bay door for enhanced operational flexibility. Situated in a well-maintained complex, the property ensures easy access to downtown Victoria while connecting seamlessly to major arterial routes and transit corridors. The zoning supports a variety of uses, including bakeries, clubs, and professional services, making it appealing for businesses seeking proximity to commercial and residential hubs. Two dedicated on-site parking stalls add convenience, while the Garballey Limited-Service District zoning creates a wide array of permitted uses, perfect for long-term adaptability and value retention. Positioned minutes from the Bay Street Bridge, Point Hope Maritime, and other key landmarks, this unit places businesses in a prominent location for both access and visibility. With strong underlying demand in a supply-constrained market and immediate availability slated for July 2026, this property is a compelling acquisition for those seeking security, versatility, and competitive positioning in Victoria’s industrial real estate market.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-06-29

Victoria Multifamily for Sale

Opportunity to acquire a prime ground floor commercial strata unit along Oak Bay Avenue, ideal for those seeking to own their own real estate. This ±2,105 SF retail unit is currently leased to RBC, who have indicated a willingness to terminate their lease and vacate the premises upon sale. Alternatively, a purchaser can elect to maintain the existing tenancy through its expiry in May 2027, providing near-term income stability. The unit benefits from extensive infrastructure, mechanical, and electrical upgrades completed by RBC, offering a high-quality and functional space for a range of users. The premises feature direct frontage and access from Oak Bay Avenue, along with a rear exit connecting to second-level commercial tenant parking, providing convenient accessibility for both customers and staff.

Property Subtype:

Apartment

Date on Market:

2026-06-26

Victoria Hospitality for Sale

Charming non heritage Hostel property for Sale in Prime Downtown Location. This cozy, character-filled hostel boasts 2,835 sq. ft. , combines the charm of a vintage building with modern conveniences, having undergone partial updates. Nestled in the heart of the downtown area, it’s just steps away from popular tourist attractions and all essential amenities, with convenient access to public transit. A fantastic opportunity for anyone looking to own a unique property in a thriving area. Seller is open to a vendor payback arrangement. CA-3 zoning, allows a wide variety of commercial and mixed-use opportunities—retail, office, service, or food/beverage uses. The floor space ratio of a building shall not exceed 3 to 1. Potential up to 10,125 sqft buildable gross floor area. Come make it your DESTINED business! Please do not approach staff and owner regarding sale of business.* Share purchase is also an option. ( All information are from City of Victoria, please verify if important.) (30879056)

Property Subtype:

Hostel

Date on Market:

2026-06-26

Victoria Retail for Sale

Date on Market:

2026-06-17

Victoria Multifamily for Sale

Prime ground-floor commercial strata in the heart of Victoria's Harris Green district, located within the modern 2019 Jukebox building. 595 sq ft with one underground parking stall included and a strata fee of $402.60/month. The current tenant runs a well-established fitness business with a lease running to September 2026. The tenant has expressed interest in renewing, reflecting confidence in both the space and the location. Continued stable income with a committed operator in place. For an owner-operator, September 2026 provides a near-term opportunity to take possession and move your business in. The interior features a clean, open-plan layout with an enclosed two-piece washroom, situated in a newer concrete building with professional management. The location sits directly beneath 200+ existing residents and adjacent to Harris Green Village, with 1,500+ new units currently under construction. Contact listing agent for full tenancy details.

Property Subtype:

Apartment

Date on Market:

2026-06-07

Victoria Industrial for Sale

3950 Carey benefits from its highly centralized location and in place industrial zoning. Located beside major regional transportation routes such as McKenzie Avenue, the Trans-Canada Highway and the Patricia Bay Highway, the property has been home to a commercial bakery for many years. The existing bakery is expanding into a new building and will be providing vacant possession with all bakery equipment removed leaving an improved shell. This property provides an expansive floor plan with dock loading, ample power and upside with the utility of a 2nd floor that can be used for manufacturing or offices.

Property Subtype:

Food Processing

Date on Market:

2026-05-29

Victoria Multifamily for Sale

The Avison Young Multi-Family Team is pleased to present the opportunity to acquire North Hill Apartments, a well-maintained 33-unit rental building with one office unit, situated in Victoria’s desirable Quadra Village neighbourhood. The Property occupies a prominent corner lot at Market Street and Wark Street, totalling 26,100 sf. Current ownership has invested approximately $530,000 in capital improvements since 2022, including full suite renovations on 19 units, common area upgrades featuring new flooring and fresh paint, landscaping enhancements, and deck/balcony repairs. North Hill Apartments represents a compelling opportunity to acquire a cash-flowing multi-family asset in one of Canada’s strongest rental markets with a value-add opportunity on 14 non-renovated units.

Property Subtype:

Apartment

Date on Market:

2026-05-28

Victoria Multifamily for Sale

Perfectly positioned in a high-visibility location, the property offers unmatched convenience with easy access to downtown Victoria, major transit routes, and a wide range of nearby amenities including Hillside Mall, Fairway Market, Save-On-Foods Memorial Centre, Cascadia Liquor, 5th Street Bar & Grill, and the shops and cafés of Quadra Village.

Property Subtype:

Apartment

Date on Market:

2026-05-15

Victoria Multifamily for Sale

604 Wilson Street, Victoria, BC is a fully renovated five-unit multifamily building located in the Victoria West neighbourhood. This 1912-built character property has undergone extensive upgrades, transforming it into a modern, high efficiency and low-maintenance asset. With a strong unit mix and excellent tenant base, the building offers investors hands-off cash flow

Property Subtype:

Apartment

Date on Market:

2026-05-15

Saanich Land for Sale

This fully zoned multi-family development site comes with Building Permit (BP) ready for pick up at Saanich Municipal Hall for 95 units. While originally designed as a strata-titled condominium project, the flexible zoning and unit mix make it equally well-suited for a purpose-built rental development. The opportunity is further enhanced by the potential to increase unit count from 95 to 97 through three-bedroom conversions, maximizing yield and long-term value. Located steps from Hillside Center, Saanich Plaza, and University of Victoria, the site benefits from excellent connectivity and walkability.

Property Subtype:

Commercial

Date on Market:

2026-04-23

Victoria Retail for Sale

Gas Classics is a full service and restoration auto repair company specializing in classic vehicles. Located on the prominent corner of Vanalman and Glanford Avenue in the Royal Oak Industrial Park and one block removed from the Pat Bay Highway, the location is centre ice for Victoria and our surrounding communities. 4233 Glanford is an opportunity to acquire a prominent location with a unique zoning allowing for a broad range of uses, including auto sales.

Date on Market:

2026-04-23

Victoria Retail for Sale

709 Yates Street is prominently located in the core of Downtown Victoria along one of the City of Victoria’s primary commercial corridors. Yates Street is known for its high pedestrian traffic, strong retail presence, and proximity to major office buildings, residential towers, and public transit routes. The property presents a rare opportunity to acquire a well-located mixed-use asset in a supply-constrained downtown market. Surrounded by restaurants, cafés, national retailers, boutique shops, and entertainment venues, the location benefits from consistent foot traffic and strong tenant demand. The building offers a compelling combination of stable income and diverse tenant uses.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-04-21

Victoria Multifamily for Sale

Unique opportunity to acquire a meticulously updated character building in the sought-after Fairfield neighbourhood. The subject property offers residential rental units on both the garden and upper level with commercial office space on the main level; presenting an ideal opportunity for an investor or owner/occupier to choose their tenants and set the rates.

Property Subtype:

Apartment

Date on Market:

2026-02-18

Victoria Land for Sale

Incredible Development Opportunity for Builders & Investors! Proposed Lot A offers approx. 12,694 sqft of prime, flat building site awaiting final subdivision approval for 4 detached strata houses—each thoughtfully designed by Zebra designs at approx. 2,600 sqft, with 3 beds & 3 baths on the main and a 1 bed,1 bath legal suite! Located on a quiet, tree-lined street, this site is steps to the Gorge Waterway—perfect for summer swimming, kayaking & paddleboarding. Enjoy a short stroll to a brand new children’s park, complete with a BMX bike park and basketball court. The Galloping Goose Trail is at your doorstep, offering a 10-minute bike ride to Downtown Victoria, Uptown, or Mayfair Mall. Victoria’s vibrant microbrewery district, Glo Europub & Arbutus Park, a rare off-leash waterfront dog park just down the street. This is an unbeatable lifestyle location and a rare potential development opportunity in one of Victoria’s most connected, up-and-coming neighbourhoods. Call for more details.

Property Subtype:

Commercial

Date on Market:

2026-02-12

Victoria Land for Sale

Colliers is excited to present this centrally located townhome development site in the desirable Oaklands neighbourhood of Victoria, B.C.

Property Subtype:

Commercial

Date on Market:

2026-02-11

Victoria Industrial for Sale

Date on Market:

2026-02-02

Victoria Land for Sale

The property has been rezoned with approval of a Development Permit by the District of Saanich Council, changing from RS-6 (Single Family Dwelling) to RA-11. As a result, this combined 31,345 SF site is now approved for construction of a 6-storey, 73-unit condominium building comprising a gross floor area of 70,501 SF. The project is grandfathered under the 2018 Building Code for seismic and adaptability requirements, allowing for substantial construction cost savings compared to newer code requirements. In addition, the 3 single family homes provide nominal interim rental holding income during any pre-development phase. Located in close proximity to retail and service amenities in Saanich Centre, major transit routes as well as recreational options such as Annie Park and the Lochside Regional Trail system, the site offers excellent connectivity as well as walkability.

Property Subtype:

Commercial

Date on Market:

2026-01-21

Victoria Multifamily for Sale

Avison Young is pleased to present this opportunity to purchase this Oak Bay Avenue strata investment property. With an excellent national covenant tenant in place, this is a unique opportunity on one of Victoria’s most sought-after corridors

Property Subtype:

Apartment

Date on Market:

2025-12-03

Victoria Land for Sale

Property Subtype:

Commercial

Date on Market:

2025-12-01