property for sale vancouver island
2950 Douglas St
Vi Burnside
Victoria
V8T 4N4
$23,500,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1016015
- Photos (7)
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NAI Commercial is pleased to present the opportunity to acquire a centrally located grocery anchored neighbourhood shopping centre, fully leased with a mix of national and regional tenants. Situated on 2.2 acres comprised of two parcels, included is an additional parking lot prime for redevelopment. Douglas Shopping Centre is located between Burnside Road E and Douglas Street/Highway 1, which is the main arterial route between Victoria and Saanich. Situated close to residential neighbourhoods, industrial, office and other retail hubs, the property is easily accessible by car, public transit and cycling routes. Showcasing a variety of long-standing commercial Tenants, don't miss the opportunity to own an asset that has not come to the market in thirty five years with significant future redevelopment potential. An NDA has been provided in the supplements for access to the data room, with all bids to be reviewed October 22nd, 2025.
- Property Type:
- Commercial Sale
- Type:
- Retail
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Vi Burnside, Victoria
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 2.489 acre(s)1.01 hectare(s)
- Taxes:
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- Ceiling Heights:
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- Total Building Area:
- 1.28 acre(s)0.52 hectare(s)
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- 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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- Parking Features:
- On Site
- Total Parking Spaces:
- 182
- Total Units:
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- Date Listed:
- Oct 09, 2025
- Original Price:
- 2.35E7
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Listed by NAI Commercial (Victoria) Inc.
Data was last updated October 11, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 102
- Avg list price:
- $1,436,900
- Min list price:
- $10,000
- Max list price:
- $23,500,000
- Avg days on market:
- 99
- Min days on market:
- 1
- Max days on market:
- 547
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- 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.