850 Douglas St, Victoria
Downtown · Mixed Use · MLS® 1046978 · Listed Aug 11, 2026
Rare opportunity to purchase a 67,999SF freehold office building with high-exposure ground floor retail in Downtown Victoria, ideally located at the hub of government, office, and tourism sectors in one of Canada's prime destinations. Over $1,200,000 in NOI presenting a 7%+ capitalization rate (August 2026 annualized income). This exceptionally maintained property benefits from over $1.48M in recent upgrades, including new boilers and an emergency generator. Strong roster of AAA tenancies from government, law, financial, education, technology, and F&B sectors provides a stable income stream in one of Canada’s most desirable locations. The new buyer will also enjoy +/- $1.279M amortization recovery available with over $215k occurring in 2026. Inquire today for more details.
| Property Type | Mixed Use |
| Interior | 65,855 sqft |
| Lot Size | 16,320 sqft (0.37 acres) |
| Year Built | 1968 |
| Heating | Electric, Natural Gas |
| Exterior | Steel and Concrete |
| Water | Municipal |
| Sewer | Sewer Connected |
| Taxes | $437,056 (2026) |
| MLS® # | 1046978 |
| Brokerage | William Wright Commercial Real Estate Services |
Similar properties sold within 6 months
Downtown single-family averages, updated daily. See Downtown market stats or Victoria market stats.
It is listed at $17,029,000.
A Mixed Use in Downtown, Victoria with 65,855 sqft, built in 1968.
The lot is 16,320 sqft (0.37 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 15, 2026.
