Unveiling a Versatile Downtown Gem. Nestled between Vancouver and Cook St. in downtown Victoria, a two-storey building constructed in 1950 awaits its next chapter. With over 6,000 sq. ft. across two levels, this property boasts a seismic upgrade permit from 2008, signifying structural resilience. Presently a thriving restaurant and banquet hall, the property's allure deepens with a 1-bedroom suite at the bottom level's rear. What sets this offering apart is the comprehensive inclusion of all restaurant equipment, ensuring a seamless transition for aspiring restaurateurs. The kitchen, operating on natural gas, coupled with a recent heating/cooling system installation, enhances operational efficiency. However, the real estate allure extends beyond its current use. The adjacent building, featuring approximately 30 micro units, sets the stage for a mixed-use masterpiece. Zoning regulations permitting, envision a harmonious blend of commercial and residential spaces, tapping into the burgeoning demand for versatile urban living. Adaptive reuse is a viable option, transforming the existing structure into boutique offices, creative workspaces, or a fusion of retail and residential units. The symbiosis of historical charm and modern functionality creates a canvas for innovative redevelopment. This downtown gem is not merely a property; it's an investment canvas waiting for the strokes of creativity and foresight. As Victoria's landscape evolves, this property stands as a testament to the potential of adaptive urban redevelopment, offering an exciting venture for those with the vision to unlock its true value.
