Step into the heart of Victoria’s original downtown with this beautifully preserved and versatile commercial strata unit located in the iconic Market Square. Surrounded by heritage brick buildings and a lively public courtyard, this space captures the true essence of Old Town while offering exceptional commercial potential. Built in 1913 and converted to strata in 1984, the unit is zoned OTD-1 (Old Town District 1 – Site Specific), which allows a wide range of uses including retail, food and beverage service, brewpub, liquor store, financial services, and design studios.
The unit is offered at $2,200 per month plus NNN, providing excellent value in one of Victoria’s most historic commercial hubs. The total area is 1,728 sq. ft., comprised of a 967 sq. ft. main floor with nearly 13-foot ceilings and a history as a restaurant, complete with an existing hood vent chase, laundry hookups, and 600 AMP electrical service. The lower level offers a 761 sq. ft. two-bedroom suite with 8-foot ceilings, providing flexible options for staff accommodation, storage, office use, or supplemental rental income. This is a rare opportunity to secure a character-rich commercial space in one of Victoria’s most recognizable and historically significant destinations.
Address
1 - 501 Pandora Ave
List Price
$2,200
Property Type
Commercial Lease
Type of Dwelling
Retail
Transaction Type
Sale
Area
Victoria
Sub-Area
Vi Downtown
Lot Size
1728 Sq. Ft.
Lot Size (Acres)
0.04 Ac.
Year Built
1913
MLS® Number
1003375
Listing Brokerage
Coldwell Banker Oceanside Real Estate
Postal Code
V8W 3J6
Tax Amount
$19,524.00
Tax Year
2025