Office Listings
121 Menzies St
Vi James Bay
Victoria
V8V 2G4
$2,600,000
Commercial Sale
built: 1907
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 917652
- Year Built:
- 1907
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Outstanding 12 unit heritage conversion for sale in the heart of James Bay. The ‘Sims Residence” was built in 1907. It was lifted in 1991, and extensively renovated in the mid 1990’s, this is a solid revenue generating asset. From the overbuilt foundation, fire-guard drywall throughout, offset baffled walls between units (noise reduction), sprinkler system, and high quality storm-rated shingles, this is a building with solid bones and fantastic potential. Located across the street from James Bay Thrifty’s, this is the hub of the community and the heart of the old city. Coin-op Laundry, bike storage, and opportunity for additional storage revenue, there is a lot of opportunity here. Detached garden suite w/ loft could make a fantastic owner-occupied space. R-2, two family zoning, this is probably the highest-and-best use you will find for a registered heritage home in Victoria. Own a piece of history, and create some of your own for future generations.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Year built:
- 1907 (Age: 116)
- Lease Type:
- Sale of Assets, See Remarks
- Listing General Location:
- Vi James Bay, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Details:
- 60x82.6
- Taxes:
- $11,039.17 / 2022
- Building Features:
- Bike Storage, Fire Sprinklers, Laundry Room, Shopping Centre, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
- Construction:
- Wood
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Floor finish:
- Carpet, Laminate, Mixed, Tile
- Total Building Area:
- 3,324 sq. ft.308.81 m2
- Commercial Area:
- Downtown
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Hot Water, Radiant Floor, Mixed
- Fireplace:
- No
- Fenced, Fencing: Full, Low Maintenance Yard
- City
- Best to Park at Thrifty Foods and cross the street.
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Buyer will need >$1.5million down. Seller willing to carry mortgage at 4% if buyer has $1.5 down.
- Assessed:
- 2447000.0
- Assessment year:
- 2022
- Jurisdiction name:
- City of Victoria
- Legal Description:
- Lot 27, Plan VIP753, Section 11, Victoria Land District, BECKLEY FARM
- Units in Building:
- 12
- Occupancy:
- Partially Occupied
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Connected, Recycling
- Lot Site Features:
- Central Location, Curb & Gutter, Family-Oriented Neighbourhood, Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 2
- Business Type:
- Accommodation
- Total Units:
- 12
- Date Listed:
- Oct 24, 2022
- Original Price:
- 3400000.0
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Data was last updated March 23, 2023 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 64
- Avg list price:
- $645,000
- Min list price:
- $36,000
- Max list price:
- $6,295,000
- Avg days on market:
- 85
- Min days on market:
- 2
- Max days on market:
- 424
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations.
- Darren Leith
- Remax Camosun
- 250-818-9606
- Contact by Email
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.