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#103 3994 Shelbourne St
SE Mt Doug Saanich V8N 3E2

$2,880,000
Commercial Sale

Main Photo: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 1: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 2: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 3: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 4: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 5: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 6: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 7: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 8: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 9: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 10: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 11: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 12: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 13: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 14: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Photo 15: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1053729
An excellent opportunity to acquire a nearly 5,000 sq ft commercial strata unit in the rapidly developing Shelbourne corridor. Unit 103 offers prominent street frontage, strong exterior signage opportunities, and access to a large shared parking lot with ample customer parking, plus a rear area for staff parking and loading. It sits next to the newly redeveloped University Heights Shopping Centre, which is adding nearly 600 new rental apartments to an already busy, well-established commercial area. The unit is demised into two separate spaces. The approx. 3,766 sq ft restaurant space is fully built out, with a 20 ft commercial hood system and a food-primary liquor licence for approx. 90 guests. The second space is leased to a professional tenant on a long-term lease, providing stable, reliable income. A great opportunity for a restaurant group looking to own their own property, plus the benefit of an income-generating unit. The restaurant unit can be provided vacant on possession.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
SE Mt Doug, Saanich East
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Taxes:
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
4,992 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of Saanich (SD62)
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Business Type:
Restaurant/Bar, Retail
Total Units:
Date Listed:
Nov 03, 2026
Original Price:
2880000.0
  • Photo 1: #103 3994 Shelbourne St in Saanich: SE Mt Doug Retail for sale (Saanich East)  : MLS®# 1053729
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Listed by Pemberton Holmes Ltd.
Data was last updated November 4, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$195,000
Min list price:
$30,000
Max list price:
$15,300,000
Avg days on market:
126
Min days on market:
1
Max days on market:
485
These statistics are generated based on the current listing's property type and located in Saanich East. Average values are derived using median calculations. This data is not produced by the MLS® system.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.