1802-1826 Government Street
$13,500,000
1802 Government Street, Victoria, BC, Canada | Downtown
Property Overview
Units: 24
Stories: 2
Year Built: 1910
Lot Size: 14,400 Sq.Ft. *
Zoning: Old Town District-1 Zone (OTD-1)
Property Type: Mixed-Use
Square footage is approximate.
Devon Properties and Avison Young Victoria are pleased to offer for sale the Lim Dat Building — an irreplaceable investment opportunity located in Victoria’s vibrant Old Town. Prominently fronting Government Street, the building benefits from exceptional visibility, strong foot traffic, and a favourable mix of commercial and residential tenancies.
Recognized as a designated Heritage and National Historic Site, Lim Dat is the longest-standing building in Victoria’s Chinatown, celebrated for its block-long architecture and rich historical significance. Originally constructed in 1909, the property has been extensively revitalized through nearly $1.8 million in capital improvements since 2015, thoughtfully blending original character with modern functionality.
Lim Dat offers investors the rare opportunity to acquire a landmark asset in one of Victoria’s most historic and dynamic locations.
Unit Breakdown
- 16 Bachelors
- 6 One-Bedrooms
- 2 Two-Bedrooms
- 11 Commercial
Building Amenities & Benefits
- Property is held in a bare trust
- Value add potential with in place below market rents and unit renovation opportunities
- Desirably located within Victoria’s Old Town near major bus routes
- Exceptional commercial retail frontage along Government Street
- Convenient in-suite laundry provided in all residential units
- Nearly $1.8 million dollars in capital improvements since 2015
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.