2523 Government Street

For Sale | Industrial | ± 9,336 SQFT | $2,690,000

This multi-tenanted industrial property provides a great investment opportunity within the City of Victoria. The property features M2-1 zoning in the Douglas-Blanshard Industrial District, allowing for a multitude of commercial, light industrial, and retail opportunities. The property holds a General Employment designation within the City of Victoria’s Official Community Plan. With its ample square footage and strategic location, this property presents an excellent opportunity for businesses looking to establish themselves in a prominent industrial district.

Owner-Occupier or Industrial Investment Opportunity

  • 5.10% Cap Rate
  • Multi-tenanted industrial property
  • Located within the Rock Bay Industrial Enclave


For Sale


2523 Government Street, Victoria,


± 9,336 SQFT





Property Taxes

$32,857 (2022)




M2-1, Douglas-Blanshard Industrial District

Legal Description

Lot A, Section 4, Victoria District, Plan 45793


The Subject Property lies within the Burnside Gorge Neighbourhood of Victoria, specifically the Rock Bay area, which is the primary industrial node of the City. It is located mid-block on the east side of Government Street, between Bay Street and Hillside Avenue. The property is surrounded by Victoria’s major traffic arteries providing excellent access and egress to the City of Victoria and surrounding communities.

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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.