516 Yates St, Victoria
Downtown · Mixed Use · MLS® 1006335 · Listed Jul 3, 2025
For Sale - Stunning heritage commercial building in the heart of Victoria's Old Town District. Initially constructed in 1892, 516 Yates Street stands as a timeless example of Victorian-era commercial architecture. Designed by the prominent architect John Teague, the building is notable for its ornate Romanesque features, including its distinguished arched entrance, brick façade, and detailed stonework. The building has been recently remediated and stripped down to base condition, while preserving its historical charm. It is situated on one of the city’s most walkable blocks, surrounded by boutique shops, cafés, restaurants, and professional services, representing a phenomenal repositioning opportunity.
| Property Type | Mixed Use |
| Interior | 10,247 sqft |
| Lot Size | 4,688 sqft (0.11 acres) |
| Year Built | 1892 |
| Taxes | $46,872.97 (2025) |
| MLS® # | 1006335 |
| Brokerage | Colliers |
Similar properties sold within 6 months
Downtown single-family averages, updated daily. See Downtown market stats or Victoria market stats.
It has an accepted offer and the sale is pending; the asking price was $2,800,000.
A Mixed Use in Downtown, Victoria with 10,247 sqft, built in 1892.
The lot is 4,688 sqft (0.11 acres).
Victoria is currently a seller's market: median sold price $1,971,750, 0 months of inventory, homes typically selling in about 99 days.
The median house sold price in Downtown is $1,971,750, based on 2 sales over the past 12 months. The median price per square foot is $559. Compare asking prices across the houses currently for sale in Downtown.
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: Aug 16, 2026.
