BC Homes for Sale Victoria Island
1 501 Pandora Ave
Vi Downtown
Victoria
V8W 3J6
$5,300 /mth
Commercial Lease
built: 1913
- Status:
- For Lease
- Prop. Type:
- Commercial Lease
- MLS® Num:
- 1003375
- Year Built:
- 1913
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The Opportunity: Located at 501 Pandora Avenue, this site sits at a high-traffic gateway between the Inner Harbor and the downtown core. The OTD zoning supports a diverse range of creative ,retail and office uses, perfectly suited for the area's high pedestrian count and historic charm.
The Sublease Advantage: Substantially reduced to $5300 gross per month + gst and utilities for the remaining 23 month sublet term providing a massive short-term occupancy benefit before an optional 5-year lease renewal.
Bonus Space: Includes a windowless two-bedroom lower-level suite suitable for storage, office, or production use.
Note: Upon renewal, base rent returns to market (approx. $4,200/month + NNN).
Possession is immediate. Feel free to stop by for a walkthrough—the shop is open most days from 12 pm to 7 pm. Sub tenant to confirm the intended use with the City of Victoria.
- Property Type:
- Commercial Lease
- Type:
- Retail
- Commercial Type:
- Building, Business
- Year built:
- 1913 (Age: 113)
- Lease Type:
- Sub-Lease
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Downtown, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 1,728 sq. ft.161 m2
- Taxes:
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- Building Name:
- Station Hotel
- Building Features:
- Basement
- Number of Storeys:
- 4
- Ceiling Heights:
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- Total Building Area:
- 1,728 sq. ft.161 m2
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Corner of Pandora and Warf across from Swans
- Main Level
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Total Parking Spaces:
- 0
- Date Listed:
- Jun 12, 2025
- Original Price:
- 4100.0
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated March 2, 2026 at 08:05 AM (UTC)
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- 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.
