Active

705-711 Johnson St

Victoria BC, V8W 1M8

$3,975,000


Active

Commercial

705-711 Johnson Street spans three floors, with the main floor comprised of two commercial retail units over approximately 6,900 sq. ft., the second and third floors are each 5,168 sq. ft. and have a total of 41 residential units. The total building area is 17,236 sq. ft. The two retail spaces boast 16' ceilings and prominent Johnson Street frontage. 705 Johnson Street is occupied by Board with Friends, a locally owned and operated boardgame cafe. 707 Johnson Street is currently vacant and is purpose built for a gym but can accommodate a range of other uses. Each space features its own washrooms, with an additional shower amenity in 707 Johnson Street. The upper levels house 41 single occupancy rooms, known as York Hotel, each level is equipped with half and full washrooms, with a laundry room on the third floor. The residential units are currently rented at below market rates, offering a potential to increase the overall income of the property.

961711

MLS ID

April 25, 2024

Listed

May 9, 2024

Updated

Map

705-711 Johnson St
Victoria BC, V8W 1M8

Other Property Details

Area Name

Victoria


Taxes

$36,224


Tax Frequency

Annually


Garage

No


View

No


County

Capital Regional District


Pool

No


Buyer Agency Compensation

1.25%

Courtesy of CBRE Limited, Jeff Lougheed

Listing Contact: 250-386-0000 

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