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|Address||106 534 Pandora Ave|
|Floors in Building||2|
|Floor Space||386 Square Feet|
|Lot Size||0.01 Acres|
|Parking||Spaces, Street Only|
In 1884, the Lum Sam & Look Den Building was constructed at the southern edge of China Town and was designated as a commercial building for small businesses. Further completing the commercial frontage, Lee Chong and Lee Woy built the Lee Chong commercial and residential building on the western end of Fisgard Street in 1901. Today, the complex is bordered by Fisgard Street and Pandora Avenue and features alleyways running along the west side of the building and through the centre of the complex. The two internal passages form part of the common property which lead to a small courtyard and links the private accesses from either the Pandora Avenue side or Fisgard Street side. Due to the heritage designation of the complex, the exterior of the Lum Sam and Lee Chong buildings remain in their original form as constructed at the turn of the century. The complexes were purchased by LeFevre Developments in 2015, where then the interiors and common areas underwent an upscale hertitage and seismic restoration which was completed in early 2016. Located on the Pandora Avenue side of the complex, Unit 106 is positioned, north facing in the central courtyard of the Lum Sam building. It is the first of 9 work/live units. Unit 106 is a first floor suite with level entry through a west exposure fenced patio area. Due to the central courtyard of the Union building, the suites patio area receives afternoon sun for entertaining. Nine foot double glass doors provide entry to this 393 sft, fully self contained, 1 bedroom, 1 bathroom unit. The interior features 12’ ceilings, exposed brick walls and concrete polished floors which give a sense of spacious living. Purpose built as a short term rental complex, this 2 year old unit features a stacker dryer, hot water tank, built in robes and a full kitchen including granite counter tops, stainless steel appliances and frosted glass cabinetry. A singular unique space, it varies from other units in this complex as it share a single common wall with the adjacent unit and features a skylight over the kitchen area. There is no second floor unit located above. The suites position provides an oasis which is insulated from the downtown cores urban noise, creating a quiet, secure space. Common areas provide accommodation for bike storage. This unit will be sold with all chattels and furnishings. Nonconforming short term rental ability is retained under Section 528 and 534 of the Local Government Act. All ground floor units also have an zoning option to be utilized as a commercial space. Under the seismic upgrade tax credit, this property comes with the benefit of tax exemption for 10 years from construction. This unit is currently rented short term for $1,800 pcm. Short term rental income in 2018 available on request.
Listed by Newport Realty
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With over 300 transactions in Greater Victoria, Kevin is at home with The Condo Group Real Estate Ltd. He has been a real estate agent since 2011 and has helped sell-out a number of large developments. He has a ton of experience helping clients secure pre-sale investments.
Looking to move to Victoria? Kevin is a relocation specialist. Consistently working with many clients from Vancouver, Northern BC, Edmonton, Calgary and Toronto, he will work with you and help elevate your knowledge on current local market trends which will prepare you for for success in Victoria’s Real Estate Market.
Kevin has played soccer locally in the VISL since 2005 and has competed at every level; achieving many titles and trophies wth his teams along the way. A multiple VREB MLS Award winner, Kevin continues to help our company create the best Real Estate experience possible.
Kevin loves all dogs, but is especially fond of Labrador Retrievers. He has been a lab breeder for over 20 years and his work remains in good standing with the Canadian Kennel Club. (We’ve seen his puppies, they’re adorable.) Boxers also have a special place in his family.
Kevin and his wife, Yolande, together live with their son, Ethan, in View Royal. As a family, they love to participate in many activities around the city, and Ethan usually has them running from sporting event to sporting event, as any active 10 year old would.
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