534 Yates Street Unit 101, Downtown Victoria
Price
$2,850,000
BedroomsNot listed
BathroomsNot listed
Size5317 sqft
Year BuiltNot listed
Property TypeCondo/Townhouse
Property Taxes$47,267.39
Unit Number101
Maintenance FeesNot listed
Description
Exceptional commercial investment property on Yates Street, ideally situated in the heart of Victoria’s vibrant downtown core. Totalling 5,317 SF, the main level offers 2,748 SF of prominent street-front retail exposure, with 2,569 SF of lower-level space suitable for storage or offices. Tenanted by a well known and respected Victoria-based menswear retailer, the property is leased until December 31, 2028, with a scheduled rent escalation for the final year. The property has been well maintained and is located across from a large city-managed parking lot, steps from the Inner Harbour and major pedestrian traffic. A secure, income-producing asset in one of downtown Victoria’s most dynamic retail corridors. NDA required for current lease details. Please do not visit or engage with tenant without scheduling a showing with the listing agents. (id:39198)
Listed By
The listing brokerage and/or agent is RE/MAX Camosun
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$14,178 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,280,000
Total Interest Payments
$1,405,759
Total Payment (Principal + Interest)
$3,685,759
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
Comber Friesen Group
Realtors
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.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.