Property Information:
Rare opportunity to purchase a live work retail unit in a tasteful heritage restoration in the core of downtown Victoria’s Old Town District. The subject property is located at the cultural hub of downtown Victoria, right between the Old Town District and Chinatown. Sharing the same block as both Market Square and Fan Tan Alley, the subject premises is well-positioned to benefit from ample foot traffic year-round from locals and tourists alike. The Lum Sam Building is a two-storey, Late Victorian-era brick commercial structure boasting polished concrete floors, modern finishes, high ceilings and large character windows. The building underwent an extensive restoration in 2017 including seismic upgrading, qualifying the project for the Heritage Tax Incentive Program (TIP), new owner will benefit from no property tax payable until after the TIP expires in 2027.
