Historic Chinatown Buildings 533-537 Fisgard Street & 534 Pandora ...

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CONTACT US Government Street

TY WHITTAKER* 250 414 8395 [email protected] MICHAEL MILLER 250 414 8399 [email protected]

Historic Chinatown Buildings

Fisgard Street 533-537 Fisgard Street

533-537 Fisgard Street & 534 Pandora Avenue, Victoria, BC

534 Pandora Street

Pandora Avenue

OPPORTUNITY Colliers International is pleased to introduce two properties that are located in the heart of Victoria’s historic Chinatown, only one property removed from renowned Fan Tan Alley. The subject properties are in an unsurpassed location and represent a unique redevelopment opportunity.

COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.

Chinatown is an integral component of Downtown Victoria’s vitality due to its draw of tourists and locals alike. There are numerous tourist attractions, hotels, bars, restaurants, theatres and services in the immediate area with notable landmarks such as Victoria’s world famous Inner Harbour, Market Square and Lower Johnson shopping districts also in close proximity.

TY WHITTAKER* 250 414 8395 [email protected] MICHAEL MILLER 250 414 8399 [email protected]

COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria

FOR SALE > 533-537 Fisgard Street & 534 Pandora Avenue, Victoria, BC

533-537 FISGARD STREET

SITE DESCRIPTION

This property is improved with a building fronting onto Fisgard Street comprising 3 ground floor retail units with 2nd floor residential above and a two storey residential 4-plex at the rear of the property.

The two properties have a combined site area of ±11,400 SF (according to BC Assessment Authority records) with 533-537 Fisgard Street being ±7,200 SF and 534 Pandora Avenue being ±4,200 SF. Frontage along Fisgard Street and Pandora Avenue are ±60’ and ±35’, respectively. The properties are serviced by a full array of public and private utilities.

The total building size as follows: Main Building 4-Plex Residential Main Floor 4,107 SF 1,680 SF 2nd Floor 3,510 SF 1,800 SF Total Area 7,617 SF 3,480 SF Total area of all these buildings 11,097 SF

533-537 Fisgard Street

The improvements are reportedly constructed of wood joist and stucco and brick exterior with a concrete and brick foundation. The main floor commercial has 4 two piece washrooms and each apartment above has a full bathroom and is improved with three rooming house style apartments with kitchen, sitting room and 4 sleeping rooms. The 4-Plex includes four 2 bedroom units with two piece washrooms in each unit. The buildings are separated by a courtyard area and the ground level has a 4’ wide walkway providing access to Fisgard from the rear of the building.

534 PANDORA AVENUE The property is improved with the main floor of office, storage and an unused residential unit while the 2nd floor is unoccupied residential. The total building size as follows:

535 Fisgard Street

The improvements are reportedly constructed of wood joist and stucco and brick exterior with a concrete and brick foundation. The 534 Pandora Avenue main floor ceiling height ranges between 10’ Main Floor 2,600 SF and 14’. The 2nd floor is currently being used Main Floor 1,820 SF for storage but was originally developed as a Total building area 4,420 SF rooming house with a full bathroom, sitting and kitchen areas and 6 sleeping rooms. There is a 200 amp service to the building with electric baseboard and space heaters. There is a driveway/walkway to the west of the building providing access to the rear of the property and connecting through to 533-537 Fisgard Street. The age of all buildings is estimated to be ±100 years and the combined area is ±15,517 SF.

537 Fisgard Street

Please note the building areas represented herein are approximate measurements and have been obtained from third parties. If important, interested parties should confirm building areas for themselves.

ZONING CA-3C, Old Town District. Permitted uses include, but are not limited to, office, retail, restaurants, high tech, transient accommodation, residential on the second or higher storeys of the building, provided the entire first storey is used for purposes other than residential. Maximum height is 15 metres. Under the existing zoning, the allowable FSR is 3:1 or ±34,200 SF (subject to heritage design guidelines. The property is not developed out to the maximum density allowed under the current zoning.

534 Pandora Avenue

HERITAGE The buildings are on the City of Victoria’s Heritage Designation list and are part of the Chinatown’s recognition as a National Historic Site of Canada which was designated in 1995. There are currently three types of grants available from the City of Victoria with relation to Heritage Designated properties: Building Incentive Program for exterior facades; Parapet Incentive Program for seismic strengthening of parapets and falling hazards of heritage value; and Tax Incentive Program (TIP) for seismic upgrading that can provide property tax relief for up to 10 years.

TENANCY & INCOME

Chinatown Entrance

All commercial tenancies are month to month. A detailed income statement will be provided to qualified potential purchasers upon request.

LEGAL DESCRIPTION Lot 437, Except the Westerly 25 Feet Thereof, Victoria City PID: 009-370-421 Lot 446, Victoria City PID: 009-370-587

PRICE Three Million Dollars ($3,000,000.00)

Chinatown

FOR SALE > 533-537 Fisgard Street & 534 Pandora Avenue, Victoria, BC

533-537 FISGARD STREET

SITE DESCRIPTION

This property is improved with a building fronting onto Fisgard Street comprising 3 ground floor retail units with 2nd floor residential above and a two storey residential 4-plex at the rear of the property.

The two properties have a combined site area of ±11,400 SF (according to BC Assessment Authority records) with 533-537 Fisgard Street being ±7,200 SF and 534 Pandora Avenue being ±4,200 SF. Frontage along Fisgard Street and Pandora Avenue are ±60’ and ±35’, respectively. The properties are serviced by a full array of public and private utilities.

The total building size as follows: Main Building 4-Plex Residential Main Floor 4,107 SF 1,680 SF 2nd Floor 3,510 SF 1,800 SF Total Area 7,617 SF 3,480 SF Total area of all these buildings 11,097 SF

533-537 Fisgard Street

The improvements are reportedly constructed of wood joist and stucco and brick exterior with a concrete and brick foundation. The main floor commercial has 4 two piece washrooms and each apartment above has a full bathroom and is improved with three rooming house style apartments with kitchen, sitting room and 4 sleeping rooms. The 4-Plex includes four 2 bedroom units with two piece washrooms in each unit. The buildings are separated by a courtyard area and the ground level has a 4’ wide walkway providing access to Fisgard from the rear of the building.

534 PANDORA AVENUE The property is improved with the main floor of office, storage and an unused residential unit while the 2nd floor is unoccupied residential. The total building size as follows:

535 Fisgard Street

The improvements are reportedly constructed of wood joist and stucco and brick exterior with a concrete and brick foundation. The 534 Pandora Avenue main floor ceiling height ranges between 10’ Main Floor 2,600 SF and 14’. The 2nd floor is currently being used Main Floor 1,820 SF for storage but was originally developed as a Total building area 4,420 SF rooming house with a full bathroom, sitting and kitchen areas and 6 sleeping rooms. There is a 200 amp service to the building with electric baseboard and space heaters. There is a driveway/walkway to the west of the building providing access to the rear of the property and connecting through to 533-537 Fisgard Street. The age of all buildings is estimated to be ±100 years and the combined area is ±15,517 SF.

537 Fisgard Street

Please note the building areas represented herein are approximate measurements and have been obtained from third parties. If important, interested parties should confirm building areas for themselves.

ZONING CA-3C, Old Town District. Permitted uses include, but are not limited to, office, retail, restaurants, high tech, transient accommodation, residential on the second or higher storeys of the building, provided the entire first storey is used for purposes other than residential. Maximum height is 15 metres. Under the existing zoning, the allowable FSR is 3:1 or ±34,200 SF (subject to heritage design guidelines. The property is not developed out to the maximum density allowed under the current zoning.

534 Pandora Avenue

HERITAGE The buildings are on the City of Victoria’s Heritage Designation list and are part of the Chinatown’s recognition as a National Historic Site of Canada which was designated in 1995. There are currently three types of grants available from the City of Victoria with relation to Heritage Designated properties: Building Incentive Program for exterior facades; Parapet Incentive Program for seismic strengthening of parapets and falling hazards of heritage value; and Tax Incentive Program (TIP) for seismic upgrading that can provide property tax relief for up to 10 years.

TENANCY & INCOME

Chinatown Entrance

All commercial tenancies are month to month. A detailed income statement will be provided to qualified potential purchasers upon request.

LEGAL DESCRIPTION Lot 437, Except the Westerly 25 Feet Thereof, Victoria City PID: 009-370-421 Lot 446, Victoria City PID: 009-370-587

PRICE Three Million Dollars ($3,000,000.00)

Chinatown

CONTACT US Government Street

TY WHITTAKER* 250 414 8395 [email protected] MICHAEL MILLER 250 414 8399 [email protected]

Historic Chinatown Buildings

Fisgard Street 533-537 Fisgard Street

533-537 Fisgard Street & 534 Pandora Avenue, Victoria, BC

534 Pandora Street

Pandora Avenue

OPPORTUNITY Colliers International is pleased to introduce two properties that are located in the heart of Victoria’s historic Chinatown, only one property removed from renowned Fan Tan Alley. The subject properties are in an unsurpassed location and represent a unique redevelopment opportunity.

COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2015. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria). *Personal Real Estate Corporation.

Chinatown is an integral component of Downtown Victoria’s vitality due to its draw of tourists and locals alike. There are numerous tourist attractions, hotels, bars, restaurants, theatres and services in the immediate area with notable landmarks such as Victoria’s world famous Inner Harbour, Market Square and Lower Johnson shopping districts also in close proximity.

TY WHITTAKER* 250 414 8395 [email protected] MICHAEL MILLER 250 414 8399 [email protected]

COLLIERS INTERNATIONAL 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 250 388 6454 www.collierscanada.com/victoria