6%+ CAP RATE!! This fully leased, mixed-use property near Downtown Victoria delivers immediate income and long-term upside. Located at the high-traffic intersection of Quadra and Tolmie, the building features a 2,590 sq ft ground-floor commercial space leased to Arctic Spas, showcasing a dynamic showroom. The upper floors include one 1-bedroom and two 2-bedroom residential units, plus a top-floor 2-bedroom + den penthouse with a rooftop patio and city views. Major upgrades were completed in 2019, with additional updates to residential units recently. This is a rare opportunity to secure a high-exposure, fully tenanted asset in a sought-after market. Updated appraisal and full financials available for qualified buyers upon signing a confidentiality agreement. Opportunities like this are rare—contact the listing agent today! Please respect tenant privacy—do not disturb.
Address
3185 Quadra St
List Price
$2,340,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Mayfair
Lot Size
7473 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
MLS® Number
1028468
Listing Brokerage
eXp Realty (NA)
Postal Code
V8X 1E9
Tax Amount
$23,112.00
Tax Year
2025
Features
Baseboard, Carpet, Heat Pump, Laminate, Natural Gas, Tile, Vinyl
Amenities
Balcony/Patio, Display Window, Fencing: Partial, Lighting, Signband, Storefront
