13
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$13,500,000
Est. payment /mo
0.33 Acres Lot
New
1802-1826 Government St Victoria, BC V8T 4N5
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1004379
Rental Info Unrestricted
Year Built 1910
Annual Tax Amount $127,677
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Mixed Use
Property Description
Devon Properties and Avison Young Victoria are pleased to present for sale the Lim Dat Building — a fully revitalized landmark investment opportunity located in the heart of Victoria's historic Old Town. Comprising 24 residential units and 11 commercial units with frontage along Government Street, the Lim Dat Building seamlessly blends heritage architecture with modern upgrades.
The Lim Dat Building is celebrated as the longest-standing building in Victoria's Chinatown and has undergone nearly $1.8 million in capital improvements since 2015. The property offers a mix of stabilized and value-add tenancies, with below-market rents and renovation potential in select units, presenting a rare chance to acquire a character-rich asset with income growth potential.
This is a unique opportunity to invest in one of Victoria's most vibrant, high-traffic corridors, anchored by strong retail demand, exceptional walkability, and a rich cultural legacy.
The Lim Dat Building is celebrated as the longest-standing building in Victoria's Chinatown and has undergone nearly $1.8 million in capital improvements since 2015. The property offers a mix of stabilized and value-add tenancies, with below-market rents and renovation potential in select units, presenting a rare chance to acquire a character-rich asset with income growth potential.
This is a unique opportunity to invest in one of Victoria's most vibrant, high-traffic corridors, anchored by strong retail demand, exceptional walkability, and a rich cultural legacy.
Location
Province BC
County Capital Regional District
Area Vi Downtown
Others
Ownership Freehold
Listed by Devon Properties