Commercial Properties for Sale in Victoria

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 Office for Sale

Property Subtype:

Medical

Date on Market:

2025-12-10

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 Portfolio of properties for Sale

This versatile assembly offers stable cash flow from the VCA lease, with immediate functionality for owner-occupiers with 3892 Carey Road being completely vacant, or investors could lease out the units and increase their return. The properties also offer great long-term development potential, with a total site size of 20,880 square feet. 3892 Carey Road is currently demised into 4 commercial retail units on the main level, with a large 2 bedroom residential unit on the second level, all of which are currently vacant. This provides owners with the flexibility of occupying some or all of the building for their own use and leasing out the remaining units for additional cash flow. The C-2 zoning allows for a wide range of uses including retail, medical services, office, restaurant, apartment and daycare use to name a few. 3890 Carey Road is a 4,645 SF building leased to VCA, as a legal non-confirming vet use. Their lease runs until March 31, 2027 with two further options to renew, each for a term of 5 years. This provides owners with a stable source of cash flow

Date on Market:

2025-11-18

Victoria Industrial for Sale

Positioned in Victoria’s highly sought-after Rock Bay industrial district, 565 David Street presents a rare opportunity to acquire a meticulously upgraded freestanding showroom and warehouse. This 6,640 SF facility combines robust concrete block construction with refined interior finishes, offering both operational efficiency and elevated presentation. The main level spans 5,800 SF with soaring 15-foot ceilings, while the 840 SF mezzanine includes a luxury boardroom and four private offices, ideal for executive or client-facing functions. The property features two 12’ x 12’ electric overhead glass loading doors, automatic security shutters, and polished concrete and tile flooring throughout. A complete car detailing bay with compressed air, radiant gas heat, and floor drain enhances its utility for automotive or specialty industrial users. The reception area is outfitted with a built-in cappuccino machine, dishwasher, fridge, and wall-mounted TV, creating a welcoming and professional environment. With direct access to Highways 1 and 17, the site offers exceptional connectivity across Greater Victoria. Prominent signage opportunities and flexible M-2 zoning further support a wide range of business uses. Fully renovated in 2015 with over $350,000 in upgrades, this asset is move-in ready and ideal for owner-users or investors seeking a premium industrial footprint in a central location.

Property Subtype:

Showroom

Date on Market:

2025-10-13

Victoria Multifamily for Sale

Colliers is pleased to offer for sale a 100% interest in 681 Herald Street, a 17-unit apartment building located on the edge of Victoria’s downtown core. Originally constructed as a motel and restaurant, the property has been extensively renovated and converted into residential use, offering a rare opportunity to acquire a turnkey multifamily asset in a highly central location.

Property Subtype:

Apartment

Date on Market:

2025-10-01

Victoria Industrial for Sale

Constructed with tilt-up concrete and precast hollow-core floors, the unit offers 26'4" clear height in the warehouse and 14' under the mezzanine, making it ideal for a range of light industrial or commercial uses. The space includes a 12’ x 12’ grade-level overhead door, a built-out two-piece washroom, and is equipped with a heat pump, 200 Amp 3-phase electrical service, and separately metered natural gas. Six reserved surface stalls and access to 112 shared customer parking spaces ensure ample on-site parking.

Property Subtype:

Warehouse

Date on Market:

2025-09-25

Victoria Land for Sale

Colliers is pleased to present an exceptional opportunity to acquire a prime redevelopment site in Saanich, BC, located at 41, 43, 51 Cadillac Avenue (collectively the “Property”). The ±16,800 SF property falls within a Provincially designated Transit-Oriented Area (TOA), allowing for a minimum density of 10 storeys and 3.5:1 FSR. Given the TOA designation, no parking is required. Within the Core designation of Saanich’s Uptown Douglas Plan, the Property is designated for high-rise buildings with a base of 12 storeys and a max of 18 storeys.

Property Subtype:

Commercial

Date on Market:

2025-09-19

Victoria Industrial for Sale

Date on Market:

2025-09-04

Victoria Specialty for Sale

Avison Young is pleased to bring to market this charming and completely renovated well-appointed single tenant office building in the North Park commercial node of Victoria. The property is a converted house that has been updated multiple times since it’s construction in the early 1900’s. Nearby amenities are within walking distance and include Save on Foods grocery, Rexall pharmacy, Jones Barbeque, Patisserie Daniel, Westcore Fitness, Castle Building Supply, Fernwood Coffee, North Park Bikes, and a variety of restaurant offerings. The area is also experiencing major growth with new condominium, retail and rental projects. The property is available for immediate possession.

Property Subtype:

Schools

Date on Market:

2025-05-12

Victoria Office for Sale

Rarely available opportunity to purchase an exceptionally large C-4B Office zoned strata property in the sought after Broadmead Office Park (Aspen Building), centrally located to serve the Greater Victoria area. Easy access and egress off the Pat Bay Highway via Quadra Street and convenient parking affords both staff and visitors a pleasant on-site experience. The existing IG Wealth Management tenancy expires October 31, 2025, meaning an investor or owner / occupier will have vacant possession of the Premises November 1, 2025.

Date on Market:

2025-03-06

Victoria Industrial for Sale

CBRE Victoria is pleased to present the opportunity to purchase a 19,483 SF industrial strata unit centrally located in the Esquimalt Industrial Park at 808 Viewfield Road. Unit 103 features quality tilt up concrete construction, 30 foot clear heights, 400 amp service and full HVAC. The +/- 7,300 SF limited common property yard area provides 13 parking stalls and loading, with an additional 40+ parking stalls available after business hours. The unit is tenanted on a brand new 5-year lease with annual escalations, providing investors with secure long term income.

Property Subtype:

Warehouse

Date on Market:

2025-02-24

Victoria Multifamily for Sale

Opportunity to purchase this 77-suite, four-storey, wood framed apartment building was constructed in 1966. The suites are heated by electric baseboard with the building serviced by one (1) Montgomery elevator.

Property Subtype:

Apartment

Date on Market:

2025-01-21

Victoria Multifamily for Sale

Ideal for an owner/occupier or investor looking for a well located professional strata office unit in Downtown Victoria, in a steel and concrete building. The Savoy, a mixed use residential and commercial building, offers secure underground parking, as well as ample, accessible street parking along Fairfield Road. The common washrooms have all recently been updated.

Property Subtype:

Apartment

Date on Market:

2024-12-18

Victoria Industrial for Sale

IntraUrban Cornerstone is the 14th strata industrial development by PC Urban, delivering best-in-class industrial product supported by extensive experience in concrete tilt-up strata development.

Property Subtype:

Warehouse

Date on Market:

2024-11-28

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.

Property Subtype:

Apartment

Date on Market:

2024-10-23

Victoria Specialty for Sale

Ideal for owner-users / Investors / Developers. 26017 square feet available, vacant possession.

Property Subtype:

Movie/Radio/TV Studio

Date on Market:

2024-08-26

Victoria Portfolio of properties for Sale

Rare investment opportunity to acquire two (2) impeccably maintained properties, totaling 137 units. Both buildings have undergone significant capital upgrades, ensuring their modernization. Current rental rates remain approximately 25%-28% below market value, presenting substantial rental income upside. Situated within the City of Victoria Fernwood neighborhood, just south of Victoria’s downtown business core, these properties are located within an upscale residential community, fostering a secure and tranquil rental lifestyle for tenants. The location offers unparalleled accessibility to downtown amenities, by easy walking distance or conveniently located along a primary transit route on the Yates Street corridor, which runs adjacent to both properties.

Property Subtype:

Multi Family

Date on Market:

2024-07-24

Victoria Portfolio of properties for Sale

Colliers is pleased to offer for sale two (2) exceptionally located, multifamily development opportunities in the Fairfield neighbourhood of Victoria, B.C. The locations offer convenient access to downtown Victoria, Cook Street Village, Beacon Hill Park and other nearby amenities, recreational activities, and schools. Both sites are zoned, offering varying density, but permit multiple dwelling developments of anywhere from three (3) to six (6) storeys. In-place zoning allows prospective purchasers to propose their own missing middle project. While it is the owner’s preference to sell both development sites to one purchaser, it will entertain offers on each property individually.

Date on Market:

2024-07-24

Saanich Retail for Sale

This two storey mixed retail and office property is centrally located in the heart of Ambleside’s Business and Shopping District. It is a Heritage Building which has been extensively renovated over the years and offers Elevator access, windows that open, front door public transit and a half a block walk to beach and Seawall. Business neighbours include Starbucks, Fresh Street Market and Royal Bank.

Property Subtype:

Freestanding

Date on Market:

2024-06-11

Victoria Industrial for Sale

Colliers is pleased to present the opportunity to purchase a brand-new state of the art 2,903 SF industrial strata unit at Wildcat Industrial, located in the Allandale District. This unit features flexible Mixed Use Employment Centre (MUEC2) zoning, which permits a variety of uses. This is ideal for investors wanting to capitalize on a tight industrial market with historically strong rates, or for an owner-user looking to operate in a beautiful new development.

Date on Market:

2024-04-15

Victoria Multifamily for Sale

Rare owner-occupier opportunity to purchase an improved strata retail unit built out as a fitness facility in the core of downtown Victoria’s Old Town District

Property Subtype:

Apartment

Date on Market:

2024-02-22

Saanich Retail for Sale

Owner-occupy or invest in brand new ground-level commercial strata units with a prime location in Esquimalt near the intersection of Gorge and Tillicum. Central Block is under construction by the award-winning Abstract Developments and will be completed to the highest standard, creating an unparalleled ownership/retail opportunity for this vibrant community.

Date on Market:

2024-06-24