Share This Listing

Message

929 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Dominant Tenant Roster
  • Significant Development to Surrounding Area
  • Shadow Grocery Anchor Advantage
  • Exceptional Location & Demographics
  • Redevelopment Potential

Executive Summary

Newmark Canada is pleased to present the exclusive opportunity to acquire an open-air, grocery-shadow anchored retail centre in Greater Victoria, BC.
This institutional grade investment offers a complimentary tenant mix, anchored by national brands such as Shoppers Drug Mart, Dollarama and BC Liquor Store. Located in a high-growth Greater Victoria market with rising incomes and favourable affordability, the subject site is surrounded by active multi-phase development, driving sustained retail demand and is well positioned for long-term mixed-use densification with redevelopment upside.
Please reach out directly for more information.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
33,286 SF
Building Class
C
Year Built/Renovated
1973/2025
Price
$12,495,314 USD
Price Per SF
$375.39 USD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.46
Lot Size
1.65 AC
Zoning
C-3L - C-3L Shopping Centre/Major Liquor Retail Zone
Parking
119 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
228’ on Tillicum Road

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • On-Site Security Staff

About 2929-2973 TILLICUM RD , VICTORIA, BC V9A 2A6

The Gorge Shopping Centre is situated on a 1.65-acre site, improved with a highly visible 2-storey building with 230 feet of frontage along Tillicum Road, totaling 33,286 square feet and a near-full roster with only 3,469 square feet currently vacant. Located in the family-friendly residential community of Tillicum/ Gorge, the Property is located just 4.5 km from downtown Victoria. Just off of the Trans-Canada Highway, The Gorge Shopping Centre offers exceptional accessibility and a great mix of tenant uses to the dynamic resident make-up that live within a 2 km radius of the Property.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

The Liquor Distribution Branch operates retail stores located throughout the province under the brand BCLIQUOR and is one of the largest retailers in British Columbia. BCLIQUOR serve more than 36 million retail customers every year as your one-stop shop for wine, spirits, beer and more. BCLIQUOR is committed to providing their customers with an enhanced shopping environment, increased product selection and a high level of service.

  • Retailer
  • -
  • -
  • -

Dollarama was founded by third-generation retailer and Canadian entrepreneur, Larry Rossy. It all started with one store, in Matane, Quebec, in 1992, and quickly grew over the next two decades to become a household name and shopping destination for Canadians from coast to coast. Dollarama today is a recognized Canadian value retailer with international reach, with locations and people serving customers on continents and in countries. The Corporation is led by Neil Rossy, fourth-generation retailer and member of Dollarama’s founding management team. Dollarama aims to provide customers with a consistent shopping experience and compelling value, offering a broad assortment of general merchandise, consumables and seasonal items. All stores are corporately-owned and operated, and are conveniently located in metropolitan areas, mid-sized cities and small towns. Products are available in individual or multiple units at low, fixed price points.

  • Finance and Insurance
  • -
  • -
  • -

Easyfinancial is a Canadian non-prime lending brand of goeasy that launched in 2006 and operates through online channels and a retail network across Canada. The company offers unsecured and secured personal loans, home equity loans, point-of-sale financing, auto loans, and small business financing for consumers and businesses that may have limited access to traditional bank credit. Easyfinancial says its products are designed around flexible payment options, credit-building support, and borrowing ranges that span smaller personal loans as well as larger secured financing solutions. The brand is part of goeasy’s broader alternative lending platform, which also includes lease-to-own services through other business lines.

  • Footprint Security Patrol
  • Construction
  • -
  • -
  • -
  • Progressive Chiropractic
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

Shoppers Drug Mart is a Canadian retail pharmacy chain founded in 1962 by pharmacist Murray Koffler. The company operates a national network of pharmacist-owned locations offering prescription services, over-the-counter medications, health and beauty products, and general household items. Its business model combines independent pharmacy ownership with centralized support. Shoppers Drug Mart has undergone acquisitions and structural changes over its history, including its 2014 acquisition by Loblaw Companies Limited, making it a wholly owned subsidiary. The organization has introduced private-label brands and expanded into specialized health services, including long-term care pharmacy operations and specialty drug distribution. The company's service offerings also include programs related to medication management and wellness. Shoppers Drug Mart continues to operate retail formats under its own name and affiliated banners across Canada.

  • Simplified A Hair Shoppe
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

Subway began in 1965 when Fred DeLuca opened Pete's Super Submarines in Bridgeport, Connecticut with financing help from Peter Buck. The company pioneered the fast-casual restaurant model focused on customizable submarine sandwiches. After expanding through franchising since 1974, it now maintains dual headquarters in Connecticut and Florida while operating thousands of locations worldwide. The menu features made-to-order subs, wraps, salads and baked goods with fresh ingredients. Though now a global brand, its Connecticut roots remain central to the company's identity.

  • Victoria Native Friendship Centre
  • Construction
  • -
  • -
  • -
  • Villages Pizza
  • Health Care and Social Assistance
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Retailer - - -
Finance and Insurance - - -
Footprint Security Patrol Construction - - -
Progressive Chiropractic Health Care and Social Assistance - - -
Retailer - - -
Simplified A Hair Shoppe - - - -
Accommodation and Food Services - - -
Victoria Native Friendship Centre Construction - - -
Villages Pizza Health Care and Social Assistance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 202
  • 1,219 SF
  • Office
  • -
  • Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

  • 203
  • 627 SF
  • Office
  • In-Line
  • Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

  • 208
  • 1,623 SF
  • Office
  • -
  • Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

Space Size Space Use Position Available
202 1,219 SF Office - Now
203 627 SF Office In-Line Now
208 1,623 SF Office - Now

202

Size
1,219 SF
Space Use
Office
Position
-
Available
Now

203

Size
627 SF
Space Use
Office
Position
In-Line
Available
Now

208

Size
1,623 SF
Space Use
Office
Position
-
Available
Now

202

Size 1,219 SF
Space Use Office
Position -
Available Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

203

Size 627 SF
Space Use Office
Position In-Line
Available Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

208

Size 1,623 SF
Space Use Office
Position -
Available Now

This is an opportunity to lease office space located on the 2nd floor of an open-air retail centre, with barrier free access via an elevator, and stairwells at both ends to promote one-way traffic in the building making it easier to manage Covid protocols. There is a diverse tenant mix here and next door, including Shoppers Drug Mart, Dollarama, BC Liquor, CIBC, and more, providing staff with many great amenities. Gorge Shopping Centre is extremely well located in the Tillicum/Gorge neighborhood on Tillicum Road, providing close proximity to both Uptown and Mayfair Shopping Centres as well as good public transit access as well as convenience by car. Easily accessible to the Downtown Victoria core and exceptional accessibility to both of Victoria’s primary arterials. Trans-Canada Highway and the Pat Bay Highway. Flexible floorplans and size ranges available to suit a variety of tenants

Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100

Nearby Major Retailers

Starbucks
CIBC
Save-On-Foods Pharmacy
Anytime Fitness
Montana’s BBQ & Bar
M&M Food Market
RBC Royal Bank
TD Canada Trust
CrossFit
Tim Hortons
  • Listing ID: 39810615

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 2929-2973 Tillicum Rd, Victoria, BC V9A 2A6

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}