322 John St, Victoria
Rock Bay · Industrial · MLS® 1005050 · Listed Jul 1, 2025
Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years.
| Property Type | Industrial |
| Interior | 10,465 sqft |
| Lot Size | 16,684 sqft (0.38 acres) |
| Taxes | $71,863.54 (2024) |
| MLS® # | 1005050 |
| Brokerage | Royal LePage Coast Capital - Chatterton |
Similar properties sold within 6 months
Victoria single-family averages, updated daily. See Victoria market stats or full dashboard.
322 John St, Victoria sold on November 12, 2025, after 134 days on the market.
It sold for $4,280,000 (listed at $4,475,000). Source: BC Assessment (registered sale).
It was on the market for 134 days, from July 1, 2025 to November 12, 2025.
A Industrial in Rock Bay, Victoria with 10,465 sqft.
The lot is 16,684 sqft (0.38 acres).
322 John St, Victoria was originally listed at $4,950,000, then reduced to $4,475,000 (9.6% reduction), and sold for $4,280,000.
322 John St, Victoria sold for $4,280,000, 12.5% above its BC-assessed value of $3,806,000 (assessed July 1, 2025) — a sale-to-assessment ratio of 112%. Source: BC Assessment.
Victoria is currently a seller's market: median sold price $1,194,500, 3.8 months of inventory, homes typically selling in about 30 days.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Jul 27, 2026.
