Devencore Realty Victoria Ltd.

250-382-3400 |

Outstanding Investment Opportunity at Key Downtown Intersection

SOLD
1250 Quadra Street
Victoria,, BC V8W 2K7

The site is favorably positioned in relation to both the downtown business environment and its rapidly growing residential population. Just two blocks from Douglas Street, the subject’s location is within an easy walk of the office and financial district, the trendiest retail shops, the Law Courts, theaters, restaurants and recreation facilities. High-rise condominiums abound on all four sides of the subject, with construction of several new projects either underway or soon to follow.

The L-shaped subject property provides a total area of 26,002 square feet of land with 60.5 feet of frontage on Yates, 241 feet along the west side of Quadra and 155 feet of frontage along the north side of View Street.  The building has been built to the street-front property lines but there are wide sidewalks and attractive boulevard trees on all three sides, which enhance the ambience of the buildings and pedestrian environment. The surface parking lot that is accessed from View Street includes 43 stalls and comprises an area of approximately 11,400 square feet (94.75’ x 120.5’), affording the future opportunity to construct a high-rise residential or office development.

This attractive two-storey building features brick, concrete and steel construction on a concrete foundation, with the upper floor utilizing a wood frame and heavy timber structure above the concrete floor slab. Originally designed and built circa 1926 to serve as an automobile dealership, the building was significantly renovated for office use in 1966 and then substantially upgraded in 2006 to its current configuration.  That most recent renovation included a dramatic new façade, enhanced mechanical systems to meet the needs of each of the five demised units and upgraded electrical service.

The ground floor is demised into four suites, each of which is separately air-conditioned with a variety of roof-mounted heating and cooling units.  All of these premises received entirely new tenant improvements in 2006 and 2007 that remain in excellent condition.  The second floor office space is leased as a full floor and was updated in 2010 and again in 2015. Hot water radiators and a forced air system provide heating to the second floor offices while cooling is via roof-mounted units.

For additional information please contact:

Randy Holt
rholt@devencorevictoria.com
250-382-3400 ext. 103 (office)
250-888-1621 (cell)

Rick Pettinger
rpettinger@devencorevictoria.com
250-382-3400 ext. 102 (office)
250-686-3686 (cell)