Restaurants for Sale — Jubilee, Victoria, BC
$158,000
1871 Oak Bay Ave, Victoria, BC V8R1C6
Property details
Structured details
- Ownership
- Leasehold
- Annual property tax
- $1
Listing Information
- MLS®
- 1028775
- Listed
- March 14, 2026
- Time on market
- 184 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Well-established 50-seat restaurant with full liquor license, bar area, and private enclosed garden patio. Currently serving Chinese cuisine but easily adaptable to many other food concepts. This popular restaurant enjoys a loyal clientele from Oak Bay, Fairfield, and surrounding neighborhoods. Excellent high-visibility location on the south side of Oak Bay Avenue near Bank Street, just minutes from downtown Victoria and surrounded by professional and medical offices. Affordable rent and favorable lease terms make this a great turnkey opportunity for an owner-operator or chef. Perfect opportunity to continue the current concept or introduce your own menu and vision in a prime location. Strong potential for continued growth in this vibrant neighborhood. Don’t miss this opportunity. (id:63159)
Financing calculator
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Financing details
- Monthly debt service
- $1,534
- Cash required at close
- $56,600
- DSCR
- —
- Cash-on-cash return (yr 1)
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Location
Local market size (Victoria)
- Population
- 91,867(+7.1% since 2016)
- Population density
- 4,723.2/km²
- Median household income
- $67,500
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 42.6%
- Postsecondary below bachelor's
- 25.3%
- High school diploma
- 24.0%
- No certificate/diploma
- 8.2%
Population aged 15 and over.
Commute
- Car, truck or van
- 53.3%
- Public transit
- 11.1%
- Walked
- 22.5%
- Bicycle
- 9.6%
- Other
- 3.5%
Commute duration
- Under 15 min
- 37.6%
- 15–29 min
- 42.6%
- 30–44 min
- 14.1%
- 45–59 min
- 3.2%
- 60+ min
- 2.4%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- White Heather Tea Room · 1885 Oak Bay Avenue8m
- Confit · 1871 Oak Bay Avenue15m
- Panda Island Chinese Cuisine152m
- Tapas on Oak · 2006 Oak Bay Avenue295m
- Kissako Sushi · 2027 Oak Bay Avenue349m
Cafes (5+)
- Discovery Coffee · 1964 Oak Bay Avenue197m
- Good Earth Coffeehouse · 1971 Oak Bay Avenue251m
- QV Coffee House · 1769 Fort Street447m
- Marcelo’s Coffee Shop · 2060 Oak Bay Avenue462m
- Tim Hortons · 1950 Foul Bay Road543m
Grocery (3)
- Save-On-Foods · 1950 Foul Bay Road518m
- Urban Grocer686m
- Fairway Market Athlone Court · 2187 Oak Bay Avenue726m
Parks (5+)
- Entrance Park · 2001 Oak Bay Avenue278m
- Agamemnon and Eleni Kasapi Park · 1850 Leighton Road299m
- Redfern Park · 1755 Redfern Street346m
- Maddison Green422m
- Wilmer Green Park500m
Gyms (3)
- Arbutus Physiotherapy · 1928 Oak Bay Avenue118m
- Spinco Oak Bay · 2005 Oak Bay Avenue291m
- Six Factors Fitness · 1931 Lee Avenue497m
Pharmacies (5+)
- I.D.A. · 1775 Fort Street439m
- Fort Royal Pharmacy · 1803 Fort Street442m
- Shoppers Drug Mart652m
- The Medicine Shoppe · 1964 Fort Street677m
- Rexall · 1990 Fort Street727m
Banks & ATMs (5+)
- Island Savings: Jubilee Branch · 1955 Fort Street606m
- Scotiabank751m
- TD752m
- Unnamed756m
- TD771m
Healthcare (4)
- Oak Bay Medical Clinic617m
- Unnamed671m
- Royal Jubilee Hospital · 1952 Bay Street679m
- Oak Bay Optometry · 2075 Cadboro Bay Road787m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $158,000.
Where is this business located?
This listing is located in Victoria, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.