- What A mixed-used complex near downtown Victoria has been floated for more than $110m
- Why The complex has 207 residential units and commercial space anchored by a Save-On-Foods
- What next CBRE has the marketing assignment
Bosa Properties has listed a mixed-use residential building in Victoria, with bids expected to exceed $110m, Green Street News can reveal.
The 207-unit Pandora, at 1008 Pandora Avenue, has 44,000 sq ft of ground-floor retail space leased to Save-On-Foods as well as Quesada Burritos & Tacos and Panago Pizza. Net operating income is $5.1m. CBRE has the marketing assignment for the six-storey building, completed in 2020.
Pandora’s studio units average 456 sq ft with rent starting at $1,850. One-bedroom units average 563 sq ft with rents starting at $2,495, and two-bedroom units average 835 sq ft with a starting rent of $2,950. The building is 93% occupied.
Amenities include a fitness studio, underground parking, garden plots, and a terrace and barbecue area. The pet-friendly building also is equipped with a washing and exercise area for animals.
The property, in one of the most vibrant neighbourhoods in the city, is close to downtown Victoria and shopping and dining options.
Based in Vancouver, Bosa is a 35-year-old property development and management company with commercial and residential assets.
