Menu
  • Lot 157 - 723 Pandora Avenue, Victoria, BC
  • Lot 157 - 723 Pandora Avenue, Victoria, BC
  • Lot 157 - 723 Pandora Avenue, Victoria, BC
  • Lot 157 - 723 Pandora Avenue, Victoria, BC floorplan

7,200 ft²
Land / Other
$2,950,000
Sale



The Subject Property is situated within the Downtown Core Area, which aims to remain as the Capital Region's primary economic, social, arts, cultural, and entertainment centre. The Subject Property is designated for up to 24 stories in height and support up to 6.0X FSR with permitted uses such as: commercial institutional and mixed-use buildings oriented to the street.


The Space
Asking Price$2,950,000
Available Space7,200 ft²
Suite NumberLot 157
Floor2
Net Operating Income$122791
Property UseInvestment property
Taxes$25,418/yr
ZoningCBD-1, Central Business District 1
Cap Rate4.16%
Net Operating Income$122,791/yr
SourceDirect

The Lot - Maynard Building

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street and 723 Pandora Avenue (collectively, the “Subject Properties”). The Subject Properties present a rare opportunity to acquire two adjacent parcels in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Properties are situated directly across the street from 1515 Douglas, a recently completed office complex with ground floor retail, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Property TypeLand / Other
Floors2
Building Size3,657 ft²
Lot Size7,200 ft²
Taxes$25,418/yr
ZoningCBD-1, Central Business District 1
Cap Rate4.16%
Net Operating Income$122,791/yr
Advertisement
Get a Quote On Business Insurance and Save!
A New space needs new coverages! Get a quote for your new space. Save time and money.