2247 – 2255 Oak Bay Avenue
$9,450,000
Property Overview
Units: 2
Stories: 2
Year Built: 1978
Lot Size: 8,875 Sq.Ft. *
Building Size: 10,012 Sq.Ft. *
Zoning: C-3
Property Type: Commercial
Square footage is approximate.
Devon Properties is pleased to present Avenue Properties for sale, an exceptional opportunity to acquire a stable, cash-flowing commercial asset comprised of two retail units secured by long-term tenancies and prominently located on a corner lot along coveted Oak Bay Avenue in Victoria, BC.
Originally constructed in 1978, the property is improved with a two-storey building of brick masonry and conventional stucco construction, offering a substantial commercial footprint across two highly desirable Oak Bay Avenue lots.
The asset is distinguished by its prominent high-traffic frontage, exceptional walkability, and proximity to Oak Bay’s most sought-after neighbourhood amenities, including waterfront parks, beaches, boutique shopping, village centres, and a variety of recreational offerings. Supported by two established institutional-quality commercial tenants and an irreplaceable location within one of Greater Victoria’s most affluent and historically prized neighbourhoods, Avenue Properties offers investors a rare combination of stability, visibility, and long-term market appeal.
Unit Breakdown
- 2 Commercial Retail Units - 8,384 SF & 1,628 SF
Building Amenities & Benefits
- Anchored by established, long-term commercial tenants, including Royal Bank of Canada and Engel & Völkers Real Estate
- Prominently situated on a strategic corner lot at the intersection of Oak Bay Avenue and Monterey Avenue
- Exceptionally well-maintained commercial asset with prominent frontage along Oak Bay Avenue
- Professionally managed by Devon Properties since 2011
- Avenue Properties’ highly coveted street-front location in Oak Bay, together with its close proximity to Downtown Victoria, presents an exceptional long-term investment opportunity in one of Greater Victoria’s most desirable, walkable, and supply-constrained neighbourhoods.
Amenities Map
Dave Craig
Managing broker
Since expanding Devon Properties’ brokerage services, Dave has successfully represented numerous clients in the sale of multi-family apartment buildings, achieving a total sales volume exceeding $240 million since 2019. His diverse network and extensive 25-year background in commercial banking, real estate development, property management, and commercial sales and leasing solidify his reputation as a trusted and reliable multi-family sales representative in the industry.