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1st Floor - Unit 101
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Retail
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979 SF
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$552,568 USD
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Unit Size: 979 SF
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Condo Use: Retail
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Price: $552,568 USD
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Sale Type: Owner User
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Price/SF: $564.42 USD
Description
The ground-floor commercial unit at Tiller + Grace offers a rare opportunity to own a high-exposure retail or café space in a luxury residential setting. Unit 101 spans 979 SF and includes a ±800 SF west-facing patio, ideal for food service or customer-facing operations. The space features 11-foot ceiling heights (9'6" clear), extensive glazing for natural light, and commercial venting to the roof. Six dedicated commercial parking stalls are located at the rear of the building, and the unit is equipped with 400 amp, 3-phase power. Zoned C-1CBV, the space supports a wide range of permitted uses including restaurant, retail, personal services, and office. With prominent signage potential on Cordova Bay Road and a location within an affluent, underserviced community, this unit is well-positioned for long-term success.
Sale Notes
Offered at $750,000, this boutique commercial unit presents a compelling opportunity for owner-users or investors seeking a foothold in one of Victoria’s most affluent and rapidly growing coastal communities. The surrounding area boasts an average household income of $173,040 within a 1 km radius and is projected to see a 26% population increase by 2028. Approximately 6,000 vehicles pass the nearby intersection of Cordova Bay Road and Fenn Avenue daily, ensuring strong visibility and customer access. Located within a high-quality mixed-use development and steps from the beach, this property combines lifestyle appeal with strategic commercial viability. Whether launching a café, retail concept, or professional office, this space offers the infrastructure, location, and demographic support to thrive.
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Ross Marshall, PREC
CBRE, Limited
