1802-1826 Government St

Vi Downtown Victoria V8T 4N5

Devon Properties and Avison Young Victoria are pleased to present for sale the Lim Dat Building — a fully revitalized landmark investment opportunity located in the heart of Victoria’s historic Old Town. Comprising 24 residential units and 11 commercial units with frontage along Government Street, the Lim Dat Building seamlessly blends heritage architecture with modern upgrades. The Lim Dat Building is celebrated as the longest-standing building in Victoria’s Chinatown and has undergone nearly $1.8 million in capital improvements since 2015. The property offers a mix of stabilized and value-add tenancies, with below-market rents and renovation potential in select units, presenting a rare chance to acquire a character-rich asset with income growth potential. This is a unique opportunity to invest in one of Victoria’s most vibrant, high-traffic corridors, anchored by strong retail demand, exceptional walkability, and a rich cultural legacy.