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1602-1608 Fort St, Victoria, BC, V8R 1H9

MLS® # 977738
Commercial For Sale In North Jubilee, Victoria, British Columbia
$1,750,000
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
1602-1608 Fort St, Victoria, BC
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MULTIMEDIA

ACTIVE
1602-1608 Fort St, Victoria, BC, V8R 1H9
$1,750,000

Property Information:

This large Urban Village designated development site allows for low to mid-rise multi-family or mixed-use buildings and structures up to six (6) storeys. The total site size is approximately 8,279 square feet, with 99 feet of frontage along Fort Street. There is holding income from an existing tenant, Individual Dry Cleaners, a company affiliated with the vendor, on a minimum 2-year lease-back. 1522-1532 Pandora Avenue is also available for purchase under a separate offering. Combined, these properties would represent an exceptional redevelopment opportunity with holding income.

Property Features:

  • Annual Tax Amount: $30,070
  • Floor Space (approx): 5644 Square Feet
  • Lot Frontage: 8279 Square Feet
  • Lot Size: 8279.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Retail
  • Road Frontage Type: Street
  • Road Surface Type: Paved
  • Zoning: C1-N

Courtesy of: Colliers

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.

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Location of 1602-1608 Fort St, Victoria, BC, V8R 1H9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

Projected Precipitation Risk: High

13 storms expected in 2050

Projected Heat Risk: Moderate-Low

22 hot days expected in 2050

25/100

Moderate-Low

ClimateCheck®

Current data

This property, 1602-1608 Fort St , experiences 7 hot days per year at around 27.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 22 hot days at 30.4 degrees Celsius.

Projected Avg. Temperature

Past
27.5℃
2050
30.4℃

# Hot Days Per Year

Past
7
2050
22

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

13 storms expected in 2050

86/100

High

ClimateCheck®

Current data

This property, 1602-1608 Fort St , experiences 12 significant 2-day storms per year, with about 494.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 567mm of precipitation per year.

Precipitation Per Storm

Past
494.1mm
2050
567mm

48-Hour Storms Per Year

Past
12
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1602-1608 Fort St, Victoria, BC, V8R 1H9

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$124,288.63

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.21 %

High school certificate or equivalent

24.71 %

Apprenticeship trade certificate/diploma

4.71 %

College/non-university certificate

17.55 %

University certificate (below bachelor)

2.34 %

University Degree

43.48 %

Commuter

Travel To Work

By Car

56.19 %

By Public Transit

14.82 %

By Walking

19.75 %

By Bicycle

7.26 %

By Other Methods

1.98 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

84.55 %

Houses

15.45 %

Own Vs. Rent

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