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Mixed-Use

723 Pandora Avenue and 716 Johnson Street

723 Pandora Ave, Victoria, BC V8W 1N9

Listing Price: $6,800,000

Lot Size
0.33 acres
Price/Acre
$20,570,000
Land Type
Redevelopment

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street and 723 Pandora Avenue (collectively, the “Subject Properties”). The Subject Properties present a rare opportunity to acquire two adjacent parcels in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Properties are situated directly across the street from 1515 Douglas, a recently completed office complex with ground floor retail, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Investment Highlights

  • Located within Downtown Victoria's Core Area Plan. The Subject Properties are designated for up to 24 stories in height and supports up to 6.0 FSR
  • Strength of Immediate Area Strategically located along Pandora Avenue and Johnson Street, two essential thoroughfares connecting downtown to Victoria's surrounding communities.
  • Strong Demographics The Subject Properties are located within the centre of Downtown Victoria's core, which has experienced a 10.0% growth rate since 2015
  • Holding Income The Subject Properties benefit from considerable holding income that is secured by a strong tenant mix with additional parking income

Exclusively Listed By

Mixed-Use

723 Pandora Avenue and 716 Johnson Street

Listing Price: $6,800,000

Lot Size
0.33 acres
Price/Acre
$20,570,000
Land Type
Redevelopment

Investment Highlights

  • Located within Downtown Victoria's Core Area Plan. The Subject Properties are designated for up to 24 stories in height and supports up to 6.0 FSR
  • Strength of Immediate Area Strategically located along Pandora Avenue and Johnson Street, two essential thoroughfares connecting downtown to Victoria's surrounding communities.
  • Strong Demographics The Subject Properties are located within the centre of Downtown Victoria's core, which has experienced a 10.0% growth rate since 2015
  • Holding Income The Subject Properties benefit from considerable holding income that is secured by a strong tenant mix with additional parking income

Investment Overview

The Vendor has exclusively engaged Marcus & Millichap REIS to facilitate the sale of 716 Johnson Street and 723 Pandora Avenue (collectively, the “Subject Properties”). The Subject Properties present a rare opportunity to acquire two adjacent parcels in a highly desirable location within Victoria’s densifying and evolving downtown city-centre. The Subject Properties are situated directly across the street from 1515 Douglas, a recently completed office complex with ground floor retail, and nearby existing and future residential and commercial high-rise developments, all of which are furthering the gentrification of the immediate neighbourhood.

Exclusively Listed By

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