$ 3,975,000
705-711 Johnson St Victoria, BC V8W 1M8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,975,000
Est. payment /mo
Active
705-711 Johnson St Victoria, BC V8W 1M8
UPDATED:
08/30/2024 05:19 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 969336
Rental Info Unrestricted
Annual Tax Amount $36,224
Tax Year 2023
Property Description
705-711 Johnson Street spans three floors, with the main floor comprised of two commercial retail units over approximately 6,900 sq. ft., the second and third floors are each 5,168 sq. ft. and have a total of 41 residential units. The total building area is 17,236 sq. ft. The two retail spaces boast 16’ ceilings and prominent Johnson Street frontage. 705 Johnson Street is occupied by Board with Friends, a locally owned and operated boardgame café. 707 Johnson Street is currently vacant and is purpose built for a gym but can accommodate a range of other uses. Each space features its own washrooms, with an additional shower amenity in 707 Johnson Street. The upper levels house 41 single occupancy rooms, known as York Hotel, each level is equipped with half and full washrooms, with a laundry room on the third floor. The residential units are currently rented at below market rates, offering a potential to increase the overall income of the property.
Location
Province BC
County Capital Regional District
Area Victoria
Others
Pets Allowed Yes
Ownership Freehold
Listed by CBRE Limited