101-524 Yates Street

For Sale | Retail | ± 4,871 SQFT | $3,398,800

The Leiser Building is an iconic three-storey brick commercial building on the corner of Yates Street and Waddington Alley in the heart of Victoria’s downtown area. Located in the Old Town district, this rare 4,871 SF street level walk-in strata retail space is easily accessible for pedestrians and has high exposure fronting onto the bustling Yates Street. Renovated in 2008 by Le Fevre & Co. the space has seen significant upgrades in addition to a beautiful interior finish allowing for an open and bright space. The opportunity also includes a bonus 2,595 SF of lower level basement space, a rare find in the downtown Victoria core.

Investment & Future Owner-Occupier Opportunity

  • 5.37% cap rate
  • 35′ of street front exposure
  • Fully built out space with high quality finishings
  • Directly opposite the Yates Street parkade with 360 stalls
  • Prominent retail/office area of Downtown Victoria
  • Large windows + glass doors for added retail exposure
  • Single-tenant occupied with strong corporate covenant
  • Renovated with significant upgrades and finishings


For Sale


101-524 Yates Street, Victoria,


± 4,871 SQFT





Property Taxes

$41,051 (Yearly)




OTD-1 (Old Town District 1)

Legal Description

Strata Lot 1, Lots 188 and 189, Victoria City, Strata Plan VIS6630


Located in the Old Town district, this well situated retail/office space on lower Yates Street is zoned OTD-1 allowing for a multitude of retail, office, assembly, financial, and food and beverage uses. The subject property is well located among many restaurant and retail uses, directly across from the 360 stall Bastion Square Parkade, and steps from the Inner Harbour and Johnson Street Bridge providing an endless amount of amenities and complimentary uses.

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Harry Jones
Harry Jones

Personal Real Estate Corporation

Commercial Sales & Leasing

Connor Braid
Connor Braid

Personal Real Estate Corporation

Managing Director, Vancouver Island

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.