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709 Yates St
Vi Downtown Victoria V8W 1L6

$6,600,000
Commercial Sale built: 1904

Main Photo: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 1: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 2: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 3: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 4: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 5: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 6: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 7: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 8: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 9: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 10: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 11: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 12: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Photo 13: 709 Yates St in Victoria: Vi Downtown Mixed Use for sale : MLS®# 1032080
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1032080
Year Built:
1904
709 Yates Street offers a rare opportunity to acquire a prime mixed-use asset in the heart of Downtown Victoria. Ideally situated along one of the city’s main commercial corridors, the property benefits from exceptional visibility, strong pedestrian and vehicular traffic, and immediate access to major transit routes. Surrounded by a vibrant mix of restaurants, cafés, national retailers, boutique shops, entertainment venues, and high-density office and residential developments, the location supports consistent foot traffic and strong tenant demand. The fully leased building features a stable income profile with longstanding tenants and a diverse mix of uses. Investment highlights include built-in rental escalations across all leases, early renewals secured with key tenants including Haunted Manor Ltd. (to 2031) and Canada Post (to 2032), and significant long-term upside through rental growth and value-add potential.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1904 (Age: 122)
Lease Type:
Sale Price
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
7,480 sq. ft.
Taxes:
$83,929.92 / 2025
Number of Storeys:
3
Total Building Area:
18,458 sq. ft.
Commercial Area:
Downtown
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
4439000.0
Assessment year:
2026
Jurisdiction name:
City of Victoria
Legal Description:
PARCEL A, LOT 3, VICTORIA LAND DISTRICT, (DD 146507I) OF LOTS 3, 17 & 18
Zoning:
CBD-1
Units in Community:
3
Total Units:
2
Date Listed:
Apr 14, 2026
Original Price:
6600000.0
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Listed by Colliers
Data was last updated August 2, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
59
Avg list price:
$500,000
Min list price:
$30,000
Max list price:
$8,500,000
Avg days on market:
95
Min days on market:
3
Max days on market:
525
These statistics are generated based on the current listing's property type and located in Vi Downtown. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.