07/06/2026
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, Victoriaβs 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
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Over $1.48 million invested into capital improvements
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100% leased retail and 78% leased office
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7.22% capitalization rate on Current (April 2026) Annualized Income
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Strong roster of AAA tenancies from the government, law, restaurant, financial, education, and technology sectors
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+/- $1,279,000 in total amortization recovery available with over $215,000 occuring in 2026
Salient Facts
π Address: 850 Douglas Street,
π² Price: Contact Listing Agents
π Annualized Cap Rate: 7.22% (April 2026)
π Projected Cap Rate: 7.63% (April 2026βMarch 2027)
π Zoning: OTD-1 (Old Town District)
π Building Size: +/- 67,999 SQFT
π’ Storeys: 7
Contact
β‘οΈ Listing Brochure: https://www.williamwright.ca/properties/850-douglas-street/
π© Agents: Adam Daher, Meg Cooney*, David Boon
*Personal Real Estate Corporation