$2,000,000
$2,160,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
723 Pandora Ave Victoria, BC V8W 1N9
7,840 Sqft Lot
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 944559
Sold Date 04/05/24
Rental Info Unrestricted
Annual Tax Amount $32,927
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Description
-Anchored by popular eatery, John's Place, who have over 35 years of tenure.
-Fully -leased investment property with rare on-site parking, The Subject Property benefits from a long-standing, stable income with a sold track.
-Central downtown Victoria locale
-Iconic heritage registered property located in a dynamic and rapidly growing area of Downtown Victoria.
-Strategically located along Pandora Avenue and Johnson Street, two essential thoroughfares connecting downtown to Victoria's surrounding communities, and is walking distance to essential amenities such as grocery, retail, restaurants, financial and medical services, civic centres, attractions, and parks.
NOI: $118,940*
Price:$2,300,000
Cap Rate: 5.17%*
Location
State BC
County Capital Regional District
Area Vi Downtown
Exterior
Parking On Site 1
Others
Tax ID 002-153-955
Ownership Freehold
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Bought with Sotheby's International Realty Canada