Large light industrial zoned property in a highly desirable area of Esquimalt (with a portion of the property in Vic West) just minutes from downtown Victoria with easy access to major transportation routes in and around the City. The property offers an exceptional owner / occupier opportunity. With just 35% site coverage and demo clauses in place, the property also has significant development potential (approx. 20,000 SF in excess land) while providing the owner with an existing strong and stable rental income.
The property is anchored by Monk Office Supply ('Monk') who is an owner occupier. Monk will do a Seller lease back providing the Buyer with a strong cap rate / yield on the purchase. Alternatively, Monk can provide vacant possession of the Monk occupied space (18,563 SF of warehouse and 4,721 SF of office over 2 floors) with reasonable notice (lower warehouse is 4,457 SF).
Further details are available upon executing the Non Disclosure Agreement found in the Supplements.
Property Type:
Commercial Sale
Type:
Industrial
Commercial Type:
Building, Land
Lease Type:
Sale of Assets, Sale Price, See Remarks
Listing General Location:
Es Old Esquimalt, Esquimalt
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
1.638 acre(s)0.66 hectare(s)
Taxes:
$162,070 /
2025
Ceiling Heights:
22'6.71 m
Total Building Area:
27,741 sq. ft.2,577 m2
Commercial Area:
Core (excl Downtown)
Subdivisable Area:
Yes
Fireplace:
No
Pending Date:
Mar 31, 2026
Date Sold:
Apr 30, 2026
Main Level
0
Yes
No
Unrestricted
Assessed:
9485000.0
Assessment year:
2025
Jurisdiction name:
Township of Esquimalt
Legal Description:
LOT A, PLAN VIP19847, SECTION 11 & 32, ESQUIMALT LAND DISTRICT, (CITY PORTION 12-782-012)