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1 501 Pandora Ave
Vi Downtown Victoria V8W 3J6

$4,100 /mth
Commercial Lease built: 1913

Main Photo: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 1: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 2: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 3: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 4: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 5: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Status:
For Lease
Prop. Type:
Commercial Lease
MLS® Num:
1003375
Year Built:
1913
For Lease: Historic Old Town Opportunity – Iconic Market Square Corner Retail Unit : $4100 base rent and $2717 NNN. Step into the heart of Victoria’s original downtown with this beautifully preserved and versatile commercial strata unit, located in the iconic Market Square—a vibrant commercial hub where heritage brick buildings surround a large public courtyard, capturing the true essence of Old Town. Property Highlights: Built in 1913, converted to strata in 1984 Zoned OTD-1 (Old Town District 1 - Site Specific).Permitted uses include: retail, food & beverage service, brewpub, liquor store, financial services, design studios. Space Details: Total area: 1,728 sq. ft. , Main floor: 967 sq. ft. with nearly 13-ft ceilings, Basement: 761 sq. ft. with 8-ft ceilings. Previously operated as a restaurant. Existing hood vent chase, laundry hookups, and 600 AMP electrical service.
Property Type:
Commercial Lease
Type:
Retail
Commercial Type:
Building
Year built:
1913 (Age: 112)
Lease Type:
Assignment of Lease, Absolute Net
Additional Rent Per SqFt:
2717.0
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1,728 sq. ft.
Taxes:
Building Name:
Station Hotel
Building Features:
Basement
Number of Storeys:
4
Ceiling Heights:
Total Building Area:
1,728 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Corner of Pandora and Warf across from Swans
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
OTD
Units in Building:
Units in Community:
Total Parking Spaces:
0
Business Name:
Peaches and Peppers Market
Business Type:
Retail
Total Units:
Date Listed:
Jun 12, 2025
Original Price:
4100.0
  • Photo 1: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 2: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 3: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 4: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 5: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated June 19, 2025 at 08:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.