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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.
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