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- Status:
- Sold
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1005050
- Sold Date:
- Dec 01, 2025
Exceptionally well-located investment property, in the heart of the Rock Bay Industrial District. 322 John Street is a versatile 10,465 SF building on a 16,765 SF secured lot with lots of parking. Centrally located with excellent vehicular access to Greater Victoria and all major highways. The current owners have taken great care of the building. There is a long term, Class AAA tenant in place by the name of Westburne Electric, owned by parent company Rexel Canada since 1926. Westburne is a nationwide leader in lighting and energy solutions. The tenant is currently paying “below market” rents, which gives an in-coming investor a great opportunity to increase the revenue on the building by 25% within the next two (2) years. The opportunity is to purchase an exceptionally well-located and cared-for industrial warehouse in the heart of midtown Victoria, with a solid Class AAA tenant in place and the bonus of being able to roll up rents by approximately 25% within the next two (2) years.
- Price:
- $4,280,000
- Property Type:
- Commercial Sale
- MLS® Num:
- 1005050
- Status:
- Sold
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Data was last updated November 6, 2026 at 07:30 AM (UTC)
Area Statistics
- Listings on market:
- 123
- Avg list price:
- $985,000
- Min list price:
- $25,000
- Max list price:
- $25,000,000
- Avg days on market:
- 83
- Min days on market:
- 4
- Max days on market:
- 621
These statistics are generated based on the current listing's property type
and located in
Victoria. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Anne Tanner
- Royal LePage Coast Capital - Chatterton
- 250-882-4102
- Contact by Email
Saanich
110-4460 Chatterton Way, Victoria, BC,
V8X 5J2
Oak Bay
108-1841 Oak Bay Ave., Victoria, BC,
V8R 1C4
West Shore
117-2854 Peatt Rd., Victoria, BC,
V9B 0W3
Mill Bay
114-2720 Mill Bay Rd., Mill Bay, BC,
V0R 2P1
Open by appointment
Sooke
6739 West Coast Rd., Sooke, BC,
V9Z 1G1
Sidney
3-2491 Bevan Ave., Sidney, BC,
V8L 1W2
MLS® DISCLAIMER
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2 All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2026 All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services.