1 501 Pandora Ave
Vi Downtown Victoria V8W 3J6

$5,300 /mth
Commercial Lease built: 1913

Main Photo: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 1: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 2: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 3: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 4: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Photo 5: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
Status:
For Lease
Prop. Type:
Commercial Lease
MLS® Num:
1003375
Year Built:
1913
The Opportunity: Located at 501 Pandora Avenue, this site sits at a high-traffic gateway between the Inner Harbor and the downtown core. The OTD zoning supports a diverse range of creative ,retail and office uses, perfectly suited for the area's high pedestrian count and historic charm. The Sublease Advantage: Substantially reduced to $5300 gross per month + gst and utilities for the remaining 23 month sublet term providing a massive short-term occupancy benefit before an optional 5-year lease renewal. Bonus Space: Includes a windowless two-bedroom lower-level suite suitable for storage, office, or production use. Note: Upon renewal, base rent returns to market (approx. $4,200/month + NNN). Possession is immediate. Feel free to stop by for a walkthrough—the shop is open most days from 12 pm to 7 pm. Sub tenant to confirm the intended use with the City of Victoria.
Property Type:
Commercial Lease
Type:
Retail
Commercial Type:
Building, Business
Year built:
1913 (Age: 113)
Lease Type:
Sub-Lease
Listing General Location:
Vi Downtown, Victoria
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1,728 sq. ft.
Taxes:
$19,524 / 2025
Building Name:
Station Hotel
Building Features:
Basement
Number of Storeys:
4
Ceiling Heights:
12'
Total Building Area:
1,728 sq. ft.
Commercial Area:
Downtown
Fireplace:
No
Corner of Pandora and Warf across from Swans
Main Level
Jurisdiction name:
City of Victoria
Legal Description:
Strata Lot 1, Plan VIS1580, Victoria Land District, OF LT 193 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 OR V, AS APPROPRIATE
Zoning:
OTD
Units in Building:
5
Units in Community:
5
Occupancy:
Tenant
Total Parking Spaces:
0
Business Name:
Peaches and Peppers Market
Business Type:
Grocery, Retail
Total Units:
4
Date Listed:
Jun 12, 2025
Original Price:
4100.0
  • Photo 1: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 2: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 3: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 4: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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  • Photo 5: 1 501 Pandora Ave in Victoria: Vi Downtown Retail for lease : MLS®# 1003375
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Data was last updated February 22, 2026 at 12:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.