Restaurants for Sale — Downtown, Victoria, BC
$148,000
990 Blanshard St, Victoria, BC V8W2H3
Property details
Structured details
- Ownership
- Leasehold
From the listing remarks
- Rent (stated)
- $4,000/mo
Stated by the listing brokerage in the remarks; not verified. Hover a value to see the exact sentence it came from.
Listing Information
- MLS®
- 1046496
- Listed
- August 10, 2026
- Time on market
- 35 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Karaoke bar for sale with a full commercial kitchen and great potential for a new concept. New low price: $148,000! Prime Downtown Restaurant Opportunity! Looking for a restaurant in a prime downtown location with affordable rent? This is it! This is ideally located in a high-traffic area, steps from the library and surrounded by office buildings, the Royal Theatre, and major tourist attractions. The location offers excellent exposure and customer traffic. Attractive Lease Terms: Only $4,000/month, including hydro, water, garbage, parking, and GST—a rare and competitive rent package for downtown. Includes one dedicated parking stall. The space is fully operational with excellent potential for growth and flexibility to continue the current concept or bring your own vision. A great opportunity for an owner-operator or investor looking to establish or expand in a sought-after downtown location. Please do not approach staff or the business owner regarding the sale. (id:63159)
Financing calculator
Estimate your monthly payment on the $148,000 asking price.
Financing details
- Monthly debt service
- $1,437
- Cash required at close
- $54,600
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
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+)
- Kanpai Asian Eatery & Bar · 990 Blanshard Street11m
- Tourist Wine Bar · 1002 Blanshard Street19m
- Taste of Village Indian Kitchen & Bar · 980 Blanshard Street24m
- The Pink Bicycle (closed) · 1008 Blanshard Street28m
- Pho Tru · 1012 Blanshard Street39m
Cafes (5+)
- Discovery Coffee · 1001 Blanshard Street39m
- Little Latte Cafe99m
- Tim Hortons138m
- Bean Bandits Coffee146m
- Blenz Coffee185m
Grocery (5+)
- Bulk Barn · 706 Yates Street344m
- Market on Yates · 903 Yates Street370m
- Mexican House of Spice · 1412 Douglas Street476m
- Daily Fresh · 1627 Quadra Street676m
- Save-On-Foods · 1010 Pandora Avenue700m
Shopping (5+)
- Winners · 1150 Douglas Street282m
- The Bay Centre328m
- The Bay Centre · 1150 Douglas Street328m
- Sabayons · 1101 Government Street381m
- London Drugs432m
Parks (5+)
- Penwell Green191m
- Law Courts Green221m
- Fairfield Green265m
- Pioneer Square · 1030 Quadra Street279m
- Rupert Terrace Green · 850 Quadra Street323m
Gyms (5+)
- Kadampa Meditation Centre · 970 Blanshard Street38m
- West Coast Jiu-Jitsu49m
- Gracie Barra Brazilian Jiu-Jitsu · 736 Broughton Street85m
- Anytime Fitness · 815 Yates Street276m
- Studio 4 Athletics · 715 Yates Street299m
Pharmacies (5+)
- Rexall · 912 Douglas Street228m
- View Street Pharmacy · 867 View Street250m
- Shoppers Drug Mart · 1212 Douglas Street306m
- I.D.A. Cridge Family · 641 Fort Street316m
- Victoria Compounding Pharmacy · 1089 Fort Street616m
Banks & ATMs (5+)
- Coastal Community Credit Union · 762 Fort Street133m
- Island Savings · 933 Douglas Street173m
- RBC · 1079 Douglas Street191m
- TD · 1080 Douglas Street228m
- CIBC232m
Healthcare (5+)
- Your Path Counselling197m
- Coastline Chiropractic198m
- Gather On Burdett204m
- The Queer Care Collective235m
- Kaizen Health249m
Nearby places data: © OpenStreetMap contributors.
Nearby restaurants for sale
Business0.4km away
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $148,000.
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 14, 2026.