03/18/2026
FOR SALE: Rare 7.22% Cap Rate Retail/Office Investment Property in Downtown Victoria
William Wright Commercial is pleased to present International House for sale, a rare retail/office investment property in downtown Victoria. The +/- 67,999 SQFT, 7-storey building benefits from outstanding frontage along Douglas Street, Victoria’s principal arterial route, and offers excellent visibility and signage exposure in a highly pedestrian-oriented location. Leased to a diverse mix of government, professional service, financial, and retail tenants, International House provides durable income supported by strong covenant strength.
Investment Highlights
✅ Over $1.48 million invested into capital improvements
✅ 100% leased retail and 78% leased office
✅ 7.22% capitalization rate on Current (April 2026) Annualized Income
✅ Strong roster of AAA tenancies from the government, law, restaurant, financial, education, and technology sectors
✅ +/- $1,279,000 in total amortization recovery available with over $215,000 occuring in 2026
Salient Facts
📍 Address: 850 Douglas Street,
💲 Price: Contact Listing Agents
📊 Annualized Cap Rate: 7.22% (April 2026)
📈 Projected Cap Rate: 7.63% (April 2026–March 2027)
📜 Zoning: OTD-1 (Old Town District)
📐 Building Size: +/- 67,999 SQFT
🏢 Storeys: 7
Contact
➡️ Listing Brochure: https://www.williamwright.ca/properties/850-douglas-street/
📩 Agents: Adam Daher, Meg Cooney*, David Boon
*Personal Real Estate Corporation