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487 E Burnside Rd in Victoria: Vi Burnside Industrial for sale : MLS®# 1003034

487 E Burnside Rd Victoria V8T 2X3 : Vi Burnside

Main Photo: 487 E Burnside Rd in Victoria: Vi Burnside Industrial for sale : MLS®# 1003034
$2,690,000
Prop. Type:
Commercial Sale
MLS® Num:
1003034
Status:
Active
Rare chance to own a versatile industrial property in the heart of the core area. This high-utility building features two ground-level units with separate entrances, a mezzanine, dedicated office spaces, a boardroom, and a rear exterior shop with two powered sea cans. Ample parking enhances accessibility. Ideal for investors or owner-occupiers, the property offers flexible occupancy (six months’ notice required to existing month-to-month tenants - triggered from final subject removal date) or renegotiate leases for steady income. Workshop height 17'6" exterior door 10'x12'. Located in a rapidly re-developing area, this asset holds potential for future growth and development. Do not approach tenants and all measurements are approximate and should be verified by buyers. Act now to secure this high-value, multi-functional industrial gem.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Vi Burnside, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure13,348 sq. ft.
Taxes:
Building Features:
High Traffic Area, Parking, Shopping Nearby, Transit Nearby
Construction:
Block, Frame Wood
Foundation:
Slab
Ceiling Heights:
Switch units of measure
Floor finish:
Mixed
Total Building Area:
Switch units of measure8,006 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning, HVAC
Heating:
Baseboard, Electric, Heat Pump, Natural Gas
Fireplace:
No
Pending Date:
Fencing: Partial, Lighting, Low Maintenance Yard, Sign: Allowed, Sign: Dir Brd, Sign: Lighted, Sign: Pylon, Storefront
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Victoria
Legal Description:
Zoning:
M1, M2
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Lot Site Features:
Central Location, Curb & Gutter, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Units:
Date Listed:
Jun 16, 2025
Original Price:
2900000.0
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated August 21, 2025 at 07:30 AM (UTC)
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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.