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The Gorge Shopping Centre 2929-2973 Tillicum Rd 33,286 SF 90% Leased Retail Building Victoria, BC V9A 2A6 $12,495,314 USD ($375.39 USD/SF)



Investment Highlights
- Dominant Tenant Roster
- Significant Development to Surrounding Area
- Shadow Grocery Anchor Advantage
- Exceptional Location & Demographics
- Redevelopment Potential
Executive Summary
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.
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Property Facts
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
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.
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.
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
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- Progressive Chiropractic
- Health Care and Social Assistance
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- -
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
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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
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- Villages Pizza
- Health Care and Social Assistance
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| 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
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
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
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
Nearby Major Retailers
Presented by
The Gorge Shopping Centre | 2929-2973 Tillicum Rd
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