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Entire city block in downtown Victoria sells for $10.25 million

Prime single-tenant retail location with 21,537 square feet of strata space on Government Street has frontage on three main roadways, with rear loading docks.
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CBRE Investment Properties Group, Victoria, B.C, for Western Investor

Property type: Retail

Location: 1450 Government Street, Victoria, B.C.

Number of tenants: 1 (Mountain Equipment Co-op)

Size of property; 21,537 square feet

Size of land in acres: 0.49 acres

Zoning: Old Town District-1

List price: $10.9 million

Sale price: $10.25 million

Date of sale: November 16, 2022

Brokerage: CBRE Investment Properties Group, Victoria, B.C.

Brokers: Adrian Beruschi, Ross Marshall and Chris Rust