Office Listings

121 Menzies St
Vi James Bay Victoria V8V 2G4

$2,600,000
Commercial Sale built: 1907

Main Photo: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 1: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 2: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 3: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 4: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 5: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 6: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 7: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 8: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 9: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 10: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 11: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 12: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 13: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 14: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 15: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Photo 16: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
917652
Year Built:
1907
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.
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
  • Photo 1: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 1 of 16
  • Photo 2: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 2 of 16
  • Photo 3: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 3 of 16
  • Photo 4: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 4 of 16
  • Photo 5: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 5 of 16
  • Photo 6: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 6 of 16
  • Photo 7: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 7 of 16
  • Photo 8: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 8 of 16
  • Photo 9: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 9 of 16
  • Photo 10: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 10 of 16
  • Photo 11: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 11 of 16
  • Photo 12: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 12 of 16
  • Photo 13: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 13 of 16
  • Photo 14: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 14 of 16
  • Photo 15: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 15 of 16
  • Photo 16: 121 Menzies St in Victoria: Vi James Bay Multi Family for sale : MLS®# 917652
    Photo 16 of 16

Virtual Tour

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
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.