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2300-2312 Douglas Street

Victoria, BC
High Profile Development Site With Holding Income
The Investment Properties Group is pleased to present the opportunity to acquire a 16,162 Sq Ft. development site along the Douglas Street corridor. The site is currently leased to a local car dealership providing holding income with flexibility to terminate the lease. The offering includes 3 parcels of land located in Rock Bay, steps to the Downtown Core. This area is a future hub for development of high-tech, office, and industrial uses at increased density as referenced in the City of Victoria’s Proposed Economic Action Plan. Demand for office and flex space is projected to remain high for the foreseeable future largely due to the city’s rapidly growing tech industry and low office vacancy.
16,162 Sq. Ft.
Development Land
$3,900,000