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  5. Pandora

501 Pandora Avenue Unit 1, Downtown Victoria

Price

$2,200

BedroomsNot listed

BathroomsNot listed

Size1728 sqft

Year Built1913

Property TypeCondo/Townhouse

Property Taxes$19,524

Unit Number1

Maintenance FeesNot listed

Description

Step into the heart of Victoria’s original downtown with this beautifully preserved and versatile commercial strata unit located in the iconic Market Square. Surrounded by heritage brick buildings and a lively public courtyard, this space captures the true essence of Old Town while offering exceptional commercial potential. Built in 1913 and converted to strata in 1984, the unit is zoned OTD-1 (Old Town District 1 – Site Specific), which allows a wide range of uses including retail, food and beverage service, brewpub, liquor store, financial services, and design studios. The unit is offered at $2,200 per month plus NNN, providing excellent value in one of Victoria’s most historic commercial hubs. The total area is 1,728 sq. ft., comprised of a 967 sq. ft. main floor with nearly 13-foot ceilings and a history as a restaurant, complete with an existing hood vent chase, laundry hookups, and 600 AMP electrical service. The lower level offers a 761 sq. ft. two-bedroom suite with 8-foot ceilings, providing flexible options for staff accommodation, storage, office use, or supplemental rental income. This is a rare opportunity to secure a character-rich commercial space in one of Victoria’s most recognizable and historically significant destinations. (id:39198)

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Listed By

The listing brokerage and/or agent is Coldwell Banker Oceanside Real Estate

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$1,635 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,760

Total Interest Payments

$1,086

Total Payment (Principal + Interest)

$2,846


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Cashflow Calculator

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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


Your monthly cash flow is positive

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Comber Friesen Group

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Meet Alex & Georgia

Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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Engel & Võlkers Vancouver Island

735 Humboldt St, Victoria, BC V8W 1B1

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions